Royal Sapphire Corp. (TSXV:RSL) announced a non-brokered private placement of 27,900,000 Subco subscription receipts at CAD 0.33 per unit for gross proceeds of CAD 9,207,000 on March 16, 2018. The transaction has been through the company's wholly-owned subsidiary 2627000 Ontario Inc. Each subscription receipt will convert into one post-consolidation company share pursuant to the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.