Parkit Enterprise Inc.: Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement Parkit" or the " Company"), is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the " Bought Deal Offering") and the concurrent non-brokered private placement (the " Non-Brokered Offering" and together with the Bought Deal Offering, the " Offerings") of an aggregate of 88,421,058 common shares of the Company (" Common Shares") at a price of $0.95 per Common Share. The Bought Deal Offering consisted of 72,631,585 Common Shares for aggregate gross proceeds of approximately $69,000,000. The Bought Deal Offering was conducted by a syndicate of underwriters, co-led by Stifel GMP and Scotiabank and included Canaccord Genuity Corp., CIBC Capital Markets and Cormark Securities Inc. The Non-Brokered Offering consisted of 15,789,473 Common Shares for aggregate gross proceeds of approximately $15,000,000 issued to certain insiders of the Company and a president's list on the same terms as the Bought Deal Offering.