Regal Resources Inc. (OTCPK:RGAR.F) announced a non brokered private placement of 10,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,000,000 on September 23, 2013. Each unit consists of one common share of the company and one half of a share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.20 per share for a period of one year from the date of closing of the transaction.

Securities to be issued in the transaction will be subject to a hold period of four months and one day from the date of issuance. The company may pay finders' fee on the terms yet to be determined for the transaction.