Richmond Minerals Inc. (TSXV:RMD) announced a non-brokered private placement of 4,700,000 units at CAD 0.015 per unit for gross proceeds of CAD 70,500 on December 18, 2012. Each unit consists of one common share and one whole share purchase warrant. Each warrant entitles the holder to purchase an additional common share at CAD 0.05 in the first year following the closing of the transaction, and at CAD 0.10 in the second year. The securities issued will be subject to a four month hold period following the closing of the transaction.

On January 14, 2013, Richmond Minerals Inc. closed the transaction. The company issued 3,150,000 units under temporary relief measures for gross proceeds of CAD 47,250. The securities issued in the transaction are subject to a four month hold period expiring May 15, 2013. The TSX Venture Exchange accepted for filing documents with respect to the transaction. There were five placees in the transaction. The transaction saw participation from Warren Hawkins for 700,000 units.