Parlane Resource Corp. (TSXV:PPP) announced a non-brokered private placement of 5,000,000 subscription receipts at a price of CAD 0.15 per subscription receipt for gross proceeds of CAD 750,000 on January 10, 2018. Subscription receipts will be convertible into units pursuant to closing of the transaction. Each unit shall consist of one common share and one-half warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the company at a price of CAD 0.25 for a period of 12 months from the date of issuance of the warrant. The company will require the approval of the stock exchange.