Canadian Platinum Corp. (TSXV:CPC) announced a non-brokered private placement of 45,000,000 non-flow-through units at CAD 0.025 per unit for gross proceeds of CAD 1,125,000 and 10,000,000 flow-through units at a price of CAD 0.03 per unit for gross proceeds of CAD 300,000 for aggregate gross proceeds of CAD 1,425,000 on May 10, 2018. Each non-flow-through unit consists of one non-flow-through common share and one share purchase warrant. Each share purchase warrant entitles the holder to acquire one non-flow-through common share of the company at a price of CAD 0.05 for a period of 24 months following closing of the private placement. Each flow-through unit consists of one flow through common share of the company and one share purchase warrant. Each share purchase warrant entitles the holder thereof to acquire one non-flow-through common share of the company at a price of CAD 0.05 cents for a period of 24 months following closing of the transaction. All the securities issued in the transaction are subject to a four-month hold period following the closing date. The company may pay a cash commission pursuant to, and in accordance with, applicable securities laws and TSX Venture Exchange policy. The private placement is subject to the acceptance of the exchange.