SC Holdings Corp. (OTCPK:SCNG) announced that it has entered into a subscription agreement for a private placement of 117,339 common shares at $25.566947 per share for gross proceeds of $3,000,000 with new investor, Blackbird Energy Inc. (TSXV:BBI) on July 28, 2016. The transaction is expected to close by September 30, 2016. The transaction is subject to all regulatory approvals and the acceptance of the TSX Venture.