Explor Resources Inc. (TSXV:EXS) announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 500,000. The transaction will include participation from Pure Nickel. Each unit consists of one common share and one-half common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.10 per share for a period of two years from closing. All securities issued in the transaction are subject to a hold period of 4 months and one day from closing ending January 19, 2020. The transaction is subject to the final approval of the TSX Venture Exchange. The company has received acceptance from TSX Venture Exchange with respect to the filing. The transaction included participation from a single placee.