Capricorn Business Acquisitions Inc. (TSXV:CAK.H) announced a non-brokered private placement of 3,750,000 common shares at CAD 0.08 per share for gross proceeds of CAD 300,000 on January 25, 2017. The securities issued are subject to a hold period of four months and one day from the date of issuance. The transaction is subject to shareholder approval. The transaction is expected to close on or about February 14, 2017.