Curis Resources Ltd. (TSX:CUV) announced a non-brokered private placement of 11,666,667 common shares at CAD 0.60 per share for gross proceeds of CAD 7,000,000.20 on November 20, 2013. The round will include participation from existing investor Taseko Mines Ltd. Pursuant to the transaction, the investor will hold 17% of the company's outstanding shares compared to 2% as of now and also retain information rights and a pro rata right to participate in future financings subject to customary exceptions. Upon completion of the transaction, the investor will hold 12,916,667 shares of the company. The transaction is subject to the approval of the Toronto Stock Exchange and is targeted to be completed in two tranches by January 2, 2014. The company will issue 3,333,333 shares and 8,333,334 shares in the first and second tranche respectively.

On January 3, 2014, Curis Resources Ltd. closed the transaction. The securities issued are subject to a hold period of four months.