Project One Resources Ltd. (CNSX:PJO) announced a non-brokered private placement of 3,000,000 units at issue price of CAD 0.18 per unit for gross proceeds of CAD 540,000 on July 7, 2020. Each unit will consists of one common share and one full warrant exercisable at price of CAD 0.30 per share for a period of one year from the closing of the transaction. The warrants will provide for an accelerated expiry in the event that the shares of the issuer are trading at a price of CAD 0.50 or greater for 20 consecutive trading days.