Balmoral Resources Ltd (TSX:BAR) announced a non-brokered private placement of 6,086,957 flow-through shares at a price of CAD 0.23 per flow-through share for gross proceeds of CAD 1,400,000 on October 11, 2019. The transaction is subject to regulatory and TSX Venture Exchange approval. The transaction is expected to close on October 30, 2019. The company may pay finder's fees in the transaction. All securities issued in the transaction are subject to a hold period from the closing date under applicable securities laws in Canada.