Samco Gold Limited (TSXV:SGA) announced a private placement of 30,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 1,500,000 to existing shareholders on August 14, 2018. The transaction will include participation from chief executive officer, Charles Koppel for proceeds of up to CAD 750,000. The securities issued are subject to a hold period of four months plus one day from the date of issuance. The transaction is subject to shareholder and TSX Venture Exchange approvals.