Explor Resources Inc. (TSXV:EXS) announced a non-brokered private placement of 8,333,333 flow-through shares at a price of CAD 0.06 each, for total gross proceeds of CAD 500,000. In connection with the transaction, the company will pay finder’s fees of CAD 40,000 and issued 666,666 non-transferable finder’s warrants. Each finder warrant can be exercised at a price of CAD 0.06 up to December 29, 2019. The securities issued pursuant to the transaction are subject to a hold period of four months and a day ending April 30, 2018. The transaction is subject to the final approval of the TSX Venture Exchange.