Heatherdale Resources, Ltd. (TSXV:HTR) announced a non-brokered private placement of 26,000,000 units at CAD 0.05 per unit for gross proceeds of approximately CAD 1,300,000 on January 10, 2017. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.07 per share for a period of two years from the date of closing. The securities being issued will be subject to a hold period of four months from the date of issuance. The transaction is subject to regulatory approval and TSX Venture Exchange approval.