Nstein Technologies Inc., a content management solutions company for the publishing, media, and entertainment industries, confirmed the closing of a previously announced private placement. The company issued 3,529,412 units at a price of $0.85 each for gross proceeds of $3 million. Each unit consists of one common share, one-half of one A-tranche share purchase warrant and one-half of one B-tranche share purchase warrant. One whole A-tranche share purchase warrant entitles its holder to purchase one additional common share of Nstein's share capital at a price of $1.50. One whole B-tranche share purchase warrant entitles its holder to purchase one additional common share of Nstein's share capital at a price of $2.00. These share purchase warrants are valid for three (3) years from the date of issue. The subscribers were Gesca Digital Investments Ltd, (a subsidiary of Gesca Ltd) for $2 million and a group of 27 employees of the company, along with other investors, for $1 million. Among the group, certain insiders of Nstein have contributed $316,551.