Metallis Resources Inc. (TSXV:MTS) announced a non-brokered private placement of 1,739,130 units at a price of CAD 1.15 per unit for gross proceeds of CAD 2,000,000 on January 5, 2018. Each unit will consist of one common share of the company and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of CAD 1.60 per share for a period of three years from the date of closing. Any finders’ fees and/or agents’ fees will be paid in accordance with the policies of the TSX Venture Exchange. The private placement is subject to Exchange approval. The transaction is expected to close shortly.