Yorkton Ventures Inc. (TSXV:YVI.P) announced a private placement of convertible debentures for gross proceeds of up to CAD 300,000 on November 30, 2012. The debentures shall bear a 10% interest and shall have a five year term. The debentures will be convertible into shares of the company at CAD 0.10 per share. The company shall also issue warrants to purchase up to 3,000,000 shares of the company at CAD 0.15 per share for a period of five years. The conversion of the debenture or exercise of the warrants will be restricted such that the holder must own less than 9.9% of the issued capital of the company after the conversion or exercise.

On January 14, 2013, the company announced that it can issue convertible debentures for maximum of CAD 1,000,000. The company will issue 10,000,000 warrants in case of the maximum offering. Finders' fees or commissions of up to 10% are payable in cash.

On January 24, 2013, Yorkton Ventures Inc. closed the transaction. The company paid CAD 30,000 as finder's fee to 1724404 Alberta Ltd. The non-brokered private placement involves participation from three placees.