Ross River Minerals Inc. (TSXV:RRM) announced a non-brokred private placement of 186,666,667 units at a price of CAD 0.0075 per unit for gross proceeds of CAD 1,400,000 on January 26, 2018. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.01 per share for a period of two years from the date of closing. Closing of the transaction conditional upon the company obtaining TSX Venture Exchange approval.