ME Resource Corp. (OTCPK:MEEX.F) announced a non-brokered private placement of up to 2,000,000 common shares at a price of CAD 0.10 per share for the gross proceeds of CAD 200,000 on August 11, 2016. The transaction is subject to approval from regulatory authorities. The securities being issued in the transaction is subject to a hold period of four months from the date of issuance.