Northstar Electronics, Inc. (OTCPK:NEIK) announced a private placement of 23,684,211 units at a price of CAD 0.012 per unit for gross proceeds for gross proceeds of CAD 284,210.532 on September 30, 2018. The transaction included participation from individual investor Bradley A. Chislett. Each unit consists of a common share and half of one warrant. Each warrant is exercisable to purchase a common share at a price of $0.05 (CAD 0.064633) until September 30, 2020. Post closing of the transaction, the investor holds 18.5% stake in the company.