Knick Exploration Inc (TSXV:KNX) announced a non-brokered private placement of up to 750 flow-through units at a price of CAD 1000 per unit for a gross proceeds of CAD 750,000 on March 1, 2017. Each unit is comprised of 3,333 common shares at CAD 0.06 each, 13,333 flow-through common shares at CAD 0.06 each and 3,333 common share purchase warrants, each warrant entitling its holder to purchase a common share at a price of CAD 0.08 for a period of 12 months. The securities issued are subject to a hold period of four months and one day from the date of closing. The transaction is subject to TSX Venture Exchange approval. The transaction is expected to close around March 15, 2017. On the same date, the company announced that it has received CAD 382,000 in its first tranche. The company issued 382 units at a price of CAD 1000 per unit in the first tranche. In connection with the transaction the company paid finder’s fees of CAD 11,120 and issued 185,325 finder warrants, each finder warrant entitling its holder to purchase a common share at a price of CAD 0.08 for a period of 12 months.