Osprey Gold Development Ltd. (TSXV:OS) announced a non-brokered private placement of 13,333,333 units at CAD 0.075 per unit for gross proceeds of CAD 1,000,000 on January 19, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire additional common share at CAD 0.12 per share for a period of 24 months from the date of issue. The transaction is not subject to any minimum subscription. The transaction is subject to TSX Venture Exchange approval. Subject to the approval of the TSX Venture Exchange, the company may pay finder's fee in cash and/or finders’ warrants exercisable to acquire one common share at a price of CAD 0.12 per share for a period of 24 months, may be paid in respect of subscriptions by certain arm's length subscribers. All securities to be issued in connection with the private placement will be subject to a hold period of four months and one day from the date of issuance.