Cornerstone Capital Resources Inc. (TSXV:CGP) announced a non-brokered private placement of up to 23,500,000 common share at an issue price of CAD 0.22 per share for gross proceeds of CAD 5,170,000 on January 10, 2018. The shares issued pursuant to the private placement will be subject to a four-month hold period. In connection with the transaction, the company may pay finder's fee. The transaction has been approved by the board of directors. The transaction is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. The transaction is expected to close in February 2018.