Montana Exploration Corp. (TSXV:MTZ) announced a private placement of up to 1,289,603 shares at CAD 0.195 per share for gross proceeds of CAD 251,472.585 on March 3, 2017. A director of the company who controls Vanco-Stock Ltd., a majority shareholder of the company, and a family member of the director have given a written commitment to take up the entire offering. The shares issued pursuant to the transaction will be subject to a four month hold period from the date of issuance. The closing of the transaction is conditional upon approval of the TSX Venture Exchange. There will be no commission or finder's fee payable in connection with the transaction.