 VANCOUVER, British Columbia, May 14, 2021 GLOBE NEWSWIRE -- BetterLife Pharma Inc. BetterLife or the Company CSE: BETR OTCQB : BETRF FRA: NPAU is pleased to announce that it has closed a non-brokered private placement the Offering with one strategic investor by issuing 1,142,857 common shares at a price of USD0.70 per common share for gross proceeds of USD800,000. The common shares issued pursuant to the Offering are subject to a hold period under applicable securities laws, which hold period expires four months and a day following the date of issuance. BetterLife will use the proceeds for working capital purposes and for advancement of pre-clinical and clinical programs. 