Clydesdale Resources Inc. (TSXV:CEO.H) announced a non-brokered private-placement of 7,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 350,000 on June 23, 2020. Each unit consists of one post-consolidated common share and one 12 month transferable warrant. each warrant entitles the holder to purchase one additional post-consolidated common share at a price of CAD 0.06 for a period of 6 months and CAD 0.08 for a remaining period of 6 months. The company may pay finders fees in the transaction. The common shares issued to subscribers resident in Canada in the offering will be subject to a statutory four-month hold period. The transaction is subject to regulatory approval and TSX Venture Exchange.