Melior Resources Inc. (TSXV:MLR) announced a non-brokered private placement of up to 62,500,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 5,000,000 on January 5, 2018. Each unit shall be comprised of one common share and one common share purchase warrant to acquire a common share. Each warrant shall have a term of two years and entitle the holder to purchase one additional common share upon payment of an exercise price of CAD 0.105. The transaction is expected to close on or before January 24, 2018. All of the securities issued will be subject to a statutory four month plus one day hold period from the date of issuance. The transaction remains subject to Exchange approval.