Laramide Resources Ltd. (TSX:LAM) announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 3,000,000 on January 3, 2020. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.30 per share for a period of 36 months from closing subject to accelerated expiry should the common shares trade on the Toronto Stock Exchange at a price equal or greater than CAD 0.60 per share for a period of 20 consecutive trading days during the exercise period, the company may accelerate the expiry date of the warrants to 30 calendar days from the date express written notice is given by the company. The company may pay finder's fee in the transaction in certain cases. The securities issued are subject to a hold period of four month. The transaction is expected to close on or about January 30, 2020. The transaction is subject to completion of formal documentation and receipt of regulatory approval, including the approval of the Toronto Stock Exchange.