DeepMarkit Corp. (TSXV:MKT) announced a private placement of 12,500,000 common shares at a price of CAD 0.12 per share for gross proceeds of CAD 1,500,000 on June 15, 2017. The transaction involved participation from new investor Allstate Enterprise Consulting Limited. The company also issued warrants to purchase up to an additional 6,500,000 shares at a price of CAD 0.15 per share until 180 days from the date of closing. The transaction is subject to regulatory approval, including approval of the TSX Venture Exchange. The company will pay a finder’s fee of CAD 150,000 to Randleson Holdings Limited with respect to the transaction. Securities issued are subject to a statutory hold period of four months from the date of closing.