Simba Energy Inc. (TSXV:SMB) announced a non-brokered private placement of 15,000,000 units at CAD 0.03 per unit for gross proceeds of CAD 450,000 on February 11, 2015. Each unit consists of one common share and one half share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.05 per until February 11, 2017.

The transaction will remain open for more than one year. The securities issued are subject to a hold period of four month. The transaction will include participation from a single investor.

The company will issue securities pursuant to exemption provided under Regulation D. The company also announced that it has granted stock options to officers, directors, and consultants, under its stock option plan, for the purchase of up to 7,200,000 common shares of the company for a period of 5 years at a price CAD 0.06 per share.