Altiplano Minerals Ltd. (TSXV:APN) announced a non-brokered private placement of 16,700,000 units at CAD 0.10 per unit for gross proceeds of CAD 2,505,000 on January 13, 2017. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.25 per share for a period of 24 months from the date of closing. The company may pay finder’s fee in the transaction. The securities issued are subject to a hold period of four months plus one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval.