Rizal Resources Corporation (TSXV:RZL) announced a non brokered private placement of 3,227,000 units on January 8, 2018. Each unit consists of one common share of the Corporation and one share purchase warrants allowing the holder to convert into one additional common share at a price of CAD 0.05 for up to 3 years. The warrants are subject to a four month hold period. The transaction is subject to approval from TSX-Venture. The warrants will be subject to an accelerated expiration period in the event the company’s shares trade on a recognized exchange at more than CAD 0.20 for a 15-day period, which will include days where no shares trade, after a period that is four months and a day from the issuance of the warrants.