Edgewater Exploration Ltd. (TSXV:EDW.H) announced a non-brokered private placement of 7,500,000 units at CAD 0.1 per unit for gross proceeds of CAD 750,000 on November 16, 2017. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.135 per share for a period of 12 months from the date of closing. The company will not pay any finder’s fee in the transaction. The securities issued are subject to hold period of four months from the date of closing. The transaction is subject to TSX Venture Exchange approval.