Lions Gate Metals Inc. (CNSX:LGM) announced a non-brokered private placement of 1,624,500 common shares for gross proceeds of CAD 657,000 on January 12, 2018. The company issued to certain arm's length finders, finder's shares and finder's warrants each equal to 8% of the total number of shares issued. Each of the finder's warrants are exercisable into one common share of the company at a price of CAD 0.40 per share for a period of 24 months from the date of issuance. All security issued are subject to a four-month and a day transfer restriction under applicable securities laws, including a contractual resale restriction whereby the common shares are restricted from being transferred for a period of six months from the date of issuance.