South American Gold Corp. (OTCPK:SAGD) announced a private placement of 30,000,000 units at a price of $0.05 per unit for gross proceeds of $1,500,000 on June 13, 2017. The company granted an over-allotment option in the transaction. Each unit will consist of 100,000 common shares and a common share purchase warrants. Each warrant is exercisable to acquire an additional share of common stock of the company at a price of $0.25 until the warrant expiration date of August 1, 2018. The units shall be issued pursuant to exemption provided under Regulation D.