Saturn Minerals Inc. (TSXV:SMI) announced a non-brokered private placement of units for gross proceeds of CAD 2,010,000 on January 11, 2013. The company will issue 7,000,000 flow-through units at CAD 0.18 per unit and 5,000,000 non flow-through units at CAD 0.15 per unit. Each flow-through unit consists of one flow-through common share and one half of share purchase warrant.

Each non flow-through unit consists of one non flow-through common share and one half of warrant. Each warrant entitles the holder to purchase one common share at CAD 0.30 per share for a period of 12 months from the date of issue. The warrants are subject to accelerated expiry if at any time after an initial four month hold period, the closing price of the shares on the TSX Venture Exchange exceed CAD 0.40 for any 10 consecutive trading days, in which event the warrant holder will be given notice that the Warrants will expire 31 days following the date of such notice.