Gray Rock Resources Ltd. (TSXV:GRK) announced non-brokered private placement of up to 1,000,000 units at a price of CAD 0.30 per unit for gross proceeds of CAD 300,000 on January 11, 2017. Each unit will consist of one common share and one half of one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share at an exercise price of CAD 0.50 per share for a period of one year from the closing. The transaction is subject to the acceptance of the TSX Venture Exchange. The securities issued are subject to a hold period of four months from the date of closing.