Regal Resources Inc. (OTCPK:RGAR.F) announced a non-brokered private placement of up to 2,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on December 10, 2013. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a per share price of CAD 0.10 for a period of one year from the date of closing. The securities being issued will be subject to hold-period of four months and one day from the issuance. The company may pay finders' fees in connection with the transaction.

On March 28, 2014, the company announced that it has issued 1,600,000 units for gross proceeds of CAD 80,000 in its first close. The warrants issued will expire on March 28, 2015. The units issued are subject to a hold period until July 29, 2014. No finder's fees were paid in connection with the first close of the transaction.