Advantagewon Oil Corporation (CNSX:AOC) announced a non-brokered private placement of 14,285,714 units at a price of CAD 0.035 per unit for the gross proceeds of CAD 500,000 on January 17, 2019. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitling the holder thereof to purchase one common share at an exercise price of CAD 0.06 per common share for a period of 24 months from the closing of the transaction, subject to accelerated expiry in the event the closing price of the company's shares closes at or greater than CAD 0.10 for ten consecutive trading days. All the securities issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. The company may pay a finder's fees of 8% on a portion of the transaction to eligible finders. On the same day the company issued 3,285,715 units for the gross proceeds of CAD 115,000 in its first tranche close. The transaction included participation from certain directors of the company. The company did not pay any finder's fees or commissions for the closing of this tranche.