New Point Exploration Corp. (CNSX:NP) announced a non-brokered private placement for up to 11,000,000 units at a price of CAD 0.05 per unit for proceeds up to CAD 550,000 on January 18, 2019. Each unit will consist of one common share and one transferable warrant. Each warrant will entitle the holder for an additional share at a price of CAD 0.25 per share for a period of 12 months from closing subject to acceleration, the closing price of its common shares is at or above CAD 0.50 per share for ten consecutive days, the company may provide notice to the warrant holders that the expiry date of the warrants has been accelerated and that warrants not exercised within 30 days will expire. The company may pay finder's fees. The securities issued are subject to a hold period of four months and one day after closing.