Intercept Energy Services Inc. (TSXV:IES) announced a private placement of up to 20,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on March 11, 2015. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for two years which entitles the holder to purchase one additional common share at CAD 0.075 for first year and CAD 0.10 for the remaining year.

All securities issued in the transaction will be subject to a four-month hold period. The company might pay finder's fee of CAD 5,000 to qualified finders. The closing of the transaction is subject to approval of the TSX Venture Exchange.

The transaction included participation from 4 placees. The company paid finder's fee of CAD 50,000 to Grant G. King.