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.

On December 10, 2013, Regal Resources Inc. cancelled the transaction.