RedfundCapital Corp. (formally know as Parana Copper Corporation (CNSX:COPR)) announced a brokered private placement of up to 77,777,778 units at CAD 0.45 per unit for gross proceeds of up to CAD 35,000,000 on January 17, 2018. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.70 per share for a period of two years. The company will have a right to accelerate the expiry date if the shares trade at CAD 1 for a period of 14 consecutive days which can include days where no shares trade. The transaction has been approved by the company’s board of directors. The company will pay about CAD 100,000 as the expenses of the transaction. On April 20 the company announced that it has amended the terms of the private placement and each warrant will now entitle the holder to subscribe for one common share for CAD 0.60 for 2 years, subject to Redfund having the right to accelerate the expiry date if the shares trade at CAD 0.90 for a period of 14 consecutive days which can include days where no shares trade.