Regal Resources Inc. (OTCPK:RGAR.F) announced a non-brokered private placement of up to 10,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on November 25, 2015. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of CAD 0.10 per share for a period of one year from the closing date, subject to accelerated expiry.

The securities to be issued in the transaction are subject to a hold period of four months plus one day from closing.