Knick Exploration Inc. (TSXV:KNX) announced a non brokered private placement of maximum of 50,000,000 units at a price of CAD 0.01 per unit for maximum gross proceeds of CAD 500,000 on March 25, 2019. The company will issue the units to accredited investors and existing shareholders. One unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase a common share at a price of CAD 0.05 for a period of 36 months. The company may close the transaction in several tranches, the first of which it intends to close as soon as possible in the next weeks. The company may pay to finders fees equal to a maximum of 8% of the gross proceeds of the transaction. The securities issued in the transaction is subject to a hold period of four months and one day. The company has obtained a conditional approval from TSX Venture Exchange