Divestco Inc. (TSXV:DVT) announced a private placement of up to a maximum of 20,000,000 class A common shares at a price of CAD 0.10 per share for gross proceeds of up to a maximum of CAD 2,000,000. The transaction may include participation from directors, officers, and other insiders of the company for some or all of the shares. The completion of the private placement is subject to the approval of the TSX Venture Exchange.