Asia Properties Inc. (OTCPK:ASPZ) is seeking acquisitions from the proceeds of the private placement consists of 2 million restricted shares at a share price of $0.0 per share. Asia Properties plans several more rounds of private placements under the similar terms for up to $0.5 million over the short term for further acquisitions. Daniel Mckinney, Chief EXecutive Officer of Asia Properties, said, "This is great progress for API and a significant step forward to enable us to acquiring undervalued gold claims in favorable jurisdictions."