Venerable Ventures Ltd. (TSXV:VLV) announced a non-brokered private placement of 4,400,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,200,000 on June 15, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase a further common share at a price of CAD 0.06 per share for a period of five years. The transaction included participation from 7 placees including directors and insiders of the company like Robert Baker for 650,000 units, Marilyn Miller for 650,000 units, and Alan MacDonald, Chief executive offices for 650,000 units. All the securities issued in the transaction are subject to four month hold period. No finder's fees is paid pursuant to the transaction. The transaction is subject to approval from TSX Venture Exchange. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. TPlacees Name Insider=Y /Pro-Group=P # of Shares