Premium Exploration, Inc. (TSXV:PEM) announced a non-brokered private placement of 5,882,353 units at CAD 0.085 per unit for gross proceeds of CAD 500,000 on December 4, 2013. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.15 per share for a period of two years from the date of issuance. The transaction included participation from 25 placees. Insiders, Shares Lisa Maxwell subscribed for 88,235 shares, and aggregate professional group involvement was for 1,855,882 shares in the transaction. The company paid finder's fee of CAD 22,813.20 plus 139,489 finders' warrants to Jackson Bennett LLC., CAD 19,935 plus 117,265 finders' warrants to Haywood Securities Inc., and CAD 765 plus 4,500 finders' warrants to Jordan Capital Markets Inc. The securities issued are subject to a hold period of four months from the date of issuance. The transaction is subject to final acceptance from the TSX Venture Exchange.

On December 4, 2013, Premium Exploration, Inc. closed the transaction.