Naikun Wind Energy Group Inc. (TSXV:NKW) announced a non-brokered private placement of 18,000,000 units at a price of CAD 0.0 per unit for the gross proceeds of up to CAD 1,260,000 on July 20, 2016. Each unit will consist of one common share and one half share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.15 for a period of three years from the date of closing. The transaction will include participation from certain directors and officers of the company. If the transaction is oversubscribed the company anticipates that investors will be pro-rated based on their existing holdings of securities of the company. The transaction is expected to close on or about September 2, 2016. The transaction is subject to approval from exchange. The securities being issued will be subject to hold period of four months. The company may pay finder's fees in subject to compliance with the policies of the TSX Venture Exchange.