Arena Minerals Inc. (TSXV:AN) announced a non-brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,000,000 on August 2, 2018. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of CAD 0.10 per share for a period of thirty six months from the issuance date. The transaction is subject to approval of all regulatory approvals and TSX Venture Exchange approval. All securities to be issued will be subject to a four month statutory hold period. The company may, subject to additional interest received will increase the size of the transaction.