Orchid Ventures, Inc.: Orchid Ventures Consolidated its Shares and Closes Over-Subscribed Private Placement of Units Company" or " Orchid") (CSE:ORCD OTC:ORVRF) is pleased to announce, further to its news release of March 3, 2021 and effective March 31, 2021, the Company consolidated its common shares in the capital of the Company (the " Shares") on the basis of a one (1) post-consolidation Share for each four (4) pre-consolidation Shares (the " Consolidation") effective March 31, 2021. The Company is also pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company (the " Units") by the issuance of 16,838,000 Units at $0.25 per Unit for gross proceeds of $4,209,500.00 (the "