Claim Post Resources Inc. announced that it has completed a non-brokered private placement of 130 million common shares priced at $0.10 per share for total proceeds of $13 million. The previously announced private placement was increased in size in order to accelerate the development of the Company's silica sand deposit and as a result of significant interest from high quality and strategic shareholders. Concurrent with Paramount's investment as part of the Offering, Claim Post announced the appointment of Mr. Rodrigo Sousa to the Board of Directors. Currently, Mr. Sousa is Paramount's Vice-President, Corporate Development.