Knick Exploration Inc (TSXV:KNX) announced a non-brokered private placement of maximum 5,000,000 units at CAD 0.05 per unit and maximum 20,000,000 flow-through shares at CAD 0.05 per share for gross proceeds of CAD 1,250,000 on October 25, 2017. Each unit consists of 1 common share and 1 common share purchase warrant. Each warrant shall entitle its holder to purchase a common share at a price of CAD 0.075 for a period of 36 months. The transaction has been conditionally approved by the TSX Venture Exchange. The securities issued pursuant to the transaction shall be subject to a four month and one day hold period. The company may pay finders fees equal to a maximum of 8% of the gross proceeds of the transaction as well as finder warrants to acquire a number of common shares equal to a maximum of 8% of the number of shares sold under the transaction. Each finder’s warrant shall entitle its holder to purchase a common share at a price of CAD 0.075 for a period of 24 months.