Altina Capital Corp. (TSXV:ALTN.P) announced that it will receive a non-brokered private placement for gross proceeds of not less than CAD 5,500,000 and not more than CAD 7,500,000 at CAD 0.25 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder, on exercise thereof, to purchase one additional common share at a price of CAD 0.50 for a period of 24 months from the closing of the transaction. The transaction is subject to approval from TSX Venture exchange and, subject to compliance with applicable TSX Venture exchange Policies, is not conditional upon closing of the Transaction and is not subject to any minimum subscription amount.