Palisades Ventures Inc. (TSXV:PSV) announced a private placement of 13,333,333 units at CAD 0.15 per unit for gross proceeds of CAD 2,000,000 on January 4, 2017. Each unit consists of one post-consolidation common share and one half post-consolidation hare purchase warrant. Each warrant entitles the holder to acquire additional common share at CAD 0.25 per share for a period of twenty four months. The company will pay finder's fee in the amount of up to 6% in cash and 6% warrants, each such warrants being convertible into post consolidation shares for a period of two years at a price of CAD 0.15. The company will complete the transaction of a minimum of 6,666,666 units for gross minimum proceeds of CAD 1,000,000 and a maximum of 13,333,333 units for gross maximum proceeds of CAD 2,000,000 at a price of CAD 0.15 per unit.