Rojo Resources Ltd. (TSXV:RJ) announced a non-brokered private placement of up to 3,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 150,000 on January 12, 2017. Each unit will consist of one common share and one warrant. Each warrant will be exercisable into common share at an exercise price of CAD 0.10 for a period of three years.