Ring of Fire Resources Inc. (TSXV: ROF) announced a non-brokered and brokered private placement of flow-through units and non flow-through common share units at a price of CAD 0.11 per unit on December 22, 2011. MineralFields Group has invested CAD 1,000,000 by subscribing for 9,090,909 units. The company announced that 476,020 units have been placed with the assistance of IBK Capital Corp. Each flow-through unit consists of one common share of the company and one-half of one non flow-through warrant. Each full warrant will entitle the holder to purchase one common share for a period of two years at an exercise price of CAD 0.15 per share for the first 12 months and CAD 0.20 per share for the second 12 months. Each non flow-through common share units consists of one common share and one-half of one warrant, each full warrant having a 2 year term, exercisable at CAD 0.11 per common share in the first year and CAD 0.15 per common share in the second year. All securities issued in connection with this financing will be subject to a four month hold period from the closing date. The company has paid cash commission of CAD 74,571.80 and issued an aggregate of 1,066,381 broker warrants, each broker warrant will entitle the holder to acquire one common Share for a period of 2 years at an exercise price of CAD 0.15 per share for the first 12 months and CAD 0.20 per share for the second 12 months from the date of issue. On December 23, 2011, the company issued 13,418,363 flow-through share units for gross proceeds of CAD 1,476,020 in the closure of the first tranche. The company paid CAD 74,571.80 as cash commission and also issued 1,066,381 broker warrants. All securities issued will be subject to a four-month hold period from the closing date with the hold period expiring on April 23, 2012 for 13,068,363 common shares issued as part of the flow-through units and the corresponding 6,534,181 warrants, and the hold period expiring on April 24, 2012 for 350,000 common shares issued as part of the flow-through units and the corresponding 175,000 warrants. On December 30, 2011, the company closed the second tranche. The company issued 1,229,546 flow-through units and 1,125,000 non-flow-through units for CAD 259,000. The hold period on these securities will expire on April 30, 2012 for 775,000 flow-through units and 1,125,000 common share units and will expire on May 1, 2012 for securities comprising 454,546 flow-through units. The company has paid a commission of CAD 22,320 and issued and issued an aggregate of 112,954 broker warrants. On January 18, 2012, the company raised gross proceeds of CAD 231,366.73 in the closure of the third tranche. The company issued 200,000 flow through units and 1,903,306 common units in the transaction. The common shares and warrants comprising 1,000,000 units and 200,000 flow through units are subject to a four month hold period expiring on May 17, 2012. In addition, the common shares and warrants comprising 558,419 units are subject to a four month hold period expiring on May 18, 2012. The company has paid a commission of CAD 11,880 and issued and issued 20,000 flow-through broker warrants and 100,000 regular broker warrants. On February 3, 2012, Ring of Fire Resources Inc. closed the transaction. The company announced that issued 454,545 flow through units for gross proceeds of CAD 49,999.95 and 1,900,000 common share units for gross proceeds of CAD 209,000. The common shares and warrants issued in this tranche are subject to a four month hold period. For 2,054,545 common shares and 1,027,272 warrants the hold period is till May 4, 2012 and for 2,054,545 common shares and 1,027,272 warrants, and May 7, 2012. The company Paid cash commission of CAD 7,470 to the agents for the transaction and issued an aggregate of 45,454 flow-through broker warrants and 30,000 regular broker warrants. The company has raised CAD 3,225,383.67 in the transaction.