Pershing Resources Company, Inc. (OTCPK:PSGR) announced a private placement of 10 million units at a price of $0.05 for gross proceeds of $500,000 on December 11, 2019. Each Unit consists of 4 common shares and 1 redeemable warrant. Each warrant entitling the holder to acquire one common share of the company at a price of $0.04 per share at any time during the 12 months from the date of its issuance, subject to the right of the company to redeem all, but not less than all, at a redemption price of $0.01 per redeemable warrant, if the average last sale price of the shares of its shares equals or exceeds $0.10 per share for twenty consecutive trading days ending on the third business day prior to the date of the notice of redemption. All securities issued are restricted securities.