Canada Coal Inc. (TSXV:CCK) announced a private placement of up to 10,000,0000 units at a price of CAD 0.07 per unit for gross proceeds of CAD 700,000 on November 13, 2017. Each unit consists of one common share and one-half of share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.20 per share exercisable for 3 years. The company may pay finder’s fee in cash of 6%. The transaction will not include participation from any insider of the company. The transaction is subject to final approval from the TSX Venture Exchange.