Goldbelt Empires Limited (TSXV:GBE) announced a brokered private placement of 11,956,522 ordinary shares at an issue price of CAD 0.46 per share for gross proceeds of CAD 5,500,000 on June 19, 2018. The transaction will be conducted on best efforts basis. The company will pay agent fees in the transaction. The agent has been granted an option to sell up to an additional 1,793,478 ordinary shares at the issue price, for additional gross proceeds of approximately CAD 825,000, exercisable in whole or in part. The transaction is subject to company's shareholder approval. The closing of the transaction will also occur subject to approvals from regulatory and shareholders.