 TORONTO , June 9, 2020 CNW - FSD Pharma Inc. HUGE.CN HUGE.CN 0K9A.F the Company announces the closing of a previously announced private placement of 1,500,000 of the Companys Class B Subordinate Voting Shares Shares at a price of C6.75 per Share and warrants to purchase 1,500,000 Shares cumulatively, the Securities of the Company to certain institutional investors for gross proceeds, before deducting placement fees and other estimated offering expenses payable by the Company, of approximately C10.125 million . The Company has also granted the placement agents an option to arrange for purchases of up to an additional C10.125 million of Securities on the terms above for a period of 30 days following the initial closing. The net proceeds from this private placement are expected to be used for working capital and other general corporate purposes. 