Peat Resources Limited (TSXV:PET) announced an unbrokered private placement of up to 5,000,000 common shares at a price of CAD 0.20 per share for the aggregate proceeds of up to CAD 1,000,000 on January 12, 2018. The company may pay a finder's fee in connection with the transaction. The securities issued are subject to a statutory hold period from the date of issuance. The transaction is subject to completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange.