Defense Metals Corp. (TSXV:DEFN) announced a non-brokered private placement of 1,000,000 units at a price of CAD 0.20 for gross proceeds of CAD 200,000 on January 8, 2021. Each unit will comprise one common share and one transferable common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at a price of CAD 0.30 per share for a period of 12 months from the date of closing of the transaction. All securities issued in the transaction will be subject to a four-month hold period. TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from 4 placees.