Continental Energy Corporation (OTCPK:CPPX.F) announced a private placement of 11,000,000 units at $0.05 per unit for gross proceeds of $550,000 to accredited investors and unrelated parties on December 17, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.05 per share for a term expiring on June 30, 2021. No commissions or fees were paid in the transaction