Cicada Ventures Ltd. (TSXV:CID) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit, for gross proceeds of up to CAD 500,000 on September 6, 2019. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of CAD 0.05 per share for a period of five years from the closing of the financing. The transaction is subject to the approval of the TSX stock exchange. The company will change the name to Tymbal Resources Ltd. and approved at the recent annual general meeting.