Marauder Resources East Coast Inc. (TSXV:MES) announced a brokered private placement of 23,076,923 units at a price of CAD 0.065 per unit for gross proceeds of CAD 150,000 on December 21, 2012. Each unit consists of one common share and one half share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.13 per share for a period of 24 months from the date of closing of the transaction. M Partners Inc will serve as a lead placement agent to the company.

On February 12, 2013, the company closed the first tranche of the transaction. The company issued 15,385,224 units for gross proceeds of CAD 1,000,039.56. Securities issued in the transaction are subject to a hold period of four months.

On February 19, 2013, Marauder Resources East Coast Inc. closed the transaction. The company issued 3,485,000 units for CAD 226,525 in the second tranche. The company raised CAD 1,226,564 in this transaction. The transaction saw participation from 25 placees. The company paid a total cash commission of CAD 72,353.22 to the agent. The company also issued an aggregate of 1,140,387 broker warrants, each such broker warrant exercisable for one unit at an exercise price of CAD 0.065 for a period of 24 months from the date of issuance. Robert Shields, President and Chief Executive Officer, participated for 7,296,385 units pursuant to the first tranche.