Synstream Energy Corp. (TSXV:SHM) announced a non-brokered private placement of 15,700,000 units at a price of CAD 0.070 per share for gross proceeds of CAD 1,099,000. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable into one additional common share at a price of CAD 0.10 for a period of twelve months from the date of closing of the transaction. The securities issued are subject to four-month hold period from the issuance date. The transaction is subject to TSX Venture exchange approval.