Halio Energy Inc (TSXV:HOIL) announced a non-brokered private placement of 16,817 common shares at a price of CAD 1.2 per share for gross proceeds of CAD 20,180.40 on March 24, 2017. The transaction is subject to regulatory approval and approval of TSX Venture Exchange. The securities issued will be subject to a hold period of four months and one day.