Anglo-Bomarc Mines Ltd. (TSXV:ANB) announced a non-brokered private placement of up to 20,000,000 flow-through units at CAD 0.10 per unit for gross proceeds of CAD 2,000,000 to all existing shareholders on December 30, 2016. Each flow-through unit will comprise of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at CAD 0.15 per share for a period of two years. The securities to be issued are subject to a hold period of four months. The transaction is subject to to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.