BRS Resources Ltd. (TSXV:BRS) announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000 on July 10, 2017. Each unit consists of one common share and one share purchase warrant .Each warrant entitles the holder thereof to purchase one additional share of the company at a price of CAD 0.10 per share for a period of three years from closing. Closing of the transaction remains subject to final acceptance of the TSX Venture Exchange and regulatory approval. The company may pay finder’s fees in connection with the transaction. The securities issued will be subject to a four month and one day hold period. Certain insiders of the company may participate in the transaction.