St Elias Mines Ltd. (TSXV:SLI) announced a non-brokered private placement of 5,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on April 23, 2014. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of CAD 0.10 for a period of 24 months from closing.

The company will pay finder's fees of 10% of the gross proceeds raised, payable in cash or units or a combination.