Saccharum Energy Corp. (TSXV:SHM) announced a non-brokered private placement of up to 6,000,000 flow-through shares at a price of CAD 0.25 per share for total proceeds of CAD 1,500,000 on November 30, 2016. The company may pay finder’s fee in the transaction. The company intends to close the transaction on or before December 31, 2016. The transaction is subject to approval of TSX Venture Exchange. The securities will be subject to a hold period of four months and one day from the date of closing.