Pike Mountain Minerals Inc. (CNSX:PIKE) announced a private placement to issue up to 3,500,000 units at issue price of CAD 0.05 per unit for gross proceeds of CAD 175,000 on May 1, 2020. Each unit will consists of one common share and one share purchase warrant. Each warrant can be entitled to purchase an additional common share at an exercise price of CAD 0.06 per share for a period of 18 months from the date of issuance. The completion of the transaction is subject to approval from Canadian Securities Exchange.