Knick Exploration Inc (TSXV:KNX) announced a non-brokered private placement of 8,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 400,000 and a maximum of 8,571,429 flow-through shares at a price of CAD 0.07 per share for gross proceeds of CAD 600,000 for total proceeds of CAD 1,000,000 on July 6, 2017. Each unit is comprised of one common shares and one common share purchase warrant. Each warrant shall entitle its holder to purchase a common share at a price of CAD 0.08 for a period of 18 months. The company may pay to 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. The transaction is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the transaction shall be subject to a four month and one day hold period.