Scorpion Resources Inc. (TSXV:SR.H) announced a private placement of 33,333,333 subscription receipts at a price of CAD 0.30 per subscription receipt for gross proceeds of CAD 10,000,000 on January 18, 2018. All securities to be subject to a hold period expiring four months and one day after the closing of the transaction. The transaction will be completed pursuant to available exemptions under applicable legislation. Closing of the proposed transaction is expected to be on or before April 30, 2018. Finder’s fees may be paid in connection with the transaction.