Raise Production Inc (TSXV:RPC) announced a non-brokered private placement of up to 12,000,000 units at CAD 0.25 per unit for gross proceeds of CAD 3,000,000 on January 26, 2017. The company retains the ability to issue up to 16,000,000 units for gross proceeds of CAD 4,000,000. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant is exercisable for one share for a period of 18 months from the closing date at CAD 0.40 per share, subject to accelerated expiry in certain circumstances at the company’s discretion. The units are expected to be offered to accredited investors. The company will pay a finder's fee of a maximum of 6% of the gross proceeds and compensation options exercisable to acquire number of shares equal to a maximum of 6% of the number of units issued pursuant to the transaction to qualified agents that provide introductions to qualified investors that ultimately subscribe for units. The securities issued will be subject to a four month hold period from the date of issuance. The closing of the transaction is conditional upon approval of the TSX Venture Exchange.