Berkley Renewables Inc. (DB:W8O1) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 500,000 on August 1, 2012. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of two years following the close of the transaction.