North Sea Energy Inc. (TSXV:NUK) announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 on September 19, 2017. Each unit consists of one common share and one one-half share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.75 per share for a period of two years. If during the exercise period of the warrants, after the resale restrictions on the shares have expired, the company's shares trade at or above a volume weighted average trading price of CAD 0.15 per share for 22 consecutive trading days, the company may accelerate the expiry time of the warrants by giving written notice to warrant holders that the warrants will expire 30 days from the date of providing such notice. The financing is subject to regulatory approval. The securities issued are subject to hold period of four months and one day from the date of closing and is subject to regulatory approval.