Handa Mining Corporation (TSXV:HAND) announceda private placement of 5,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 250,000 on April 23, 2019. Each unit will consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire one additional common share of the company for a total of five years, at a price of CAD 0.05 per share. The company may accelerate the expiry date of the warrants if the volume weighted average price of its common shares is equal to or above CAD 0.25 for a period of 10 consecutive trading days. In such event, the company may accelerate the expiry date of the warrants to the date that is 30 days following the date on which it sends notice to all warrant holders of the new expiry date. The units issued will be subject to a statutory hold period of four months following the date of issuance. The transaction is expected to close within the next three weeks. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange, and such further restrictions as may apply under foreign securities laws.