Handa Mining Corporation (TSXV:HAND) announced a non-brokered private placement of up to 14,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 700,000 on August 28, 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 CAD 0.075 per unit for the first six months following the date of issuance and at a price of CAD 0.10 per unit for the subsequent 18 months for a total period of 24 months from the date of closing subject to accelerated expiry the expiry date of the warrants if the volume weighted average price of the Company’s common shares is equal to or above CAD 0.25 for a period of 20 consecutive trading days. In such event, the Company may accelerate the expiry date of the warrants to the date that is 30 days following the date on which it sends notice to all warrant holders of the new expiry date. The Company shall also issue a news release on the Notice Date and provide notice of the early expiration date within 10 calendar days of the Triggering Event. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange, and such further restrictions as may apply under foreign securities laws. The securities issued are subject to a statutory hold period of four months from the date of closing. The transaction is expected to close within the next two weeks.