AbraPlata Resource Corp. (TSXV:ABRA) announced a non-brokered private placement of up to 7,500,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 1,500,000 on January 5, 2018. Each unit is consisting of one common share in the capital of the company one common share purchase warrant. Each warrant will be exercisable for two years to purchase an additional common share at a price of CAD 0.30 but will expire earlier if, for any ten consecutive trading days on the TSX Venture Exchange, the closing price of the company's common shares equals or exceeds CAD 0.40. Closing of the transaction is subject to the approval of the Exchange. In compliance with Canadian securities laws and the rules of the Exchange, all securities issued in connection with the financing will be subject to a hold period of four months. The company expects to complete the transaction within 30 days. In connection with the transaction, the company may pay a commission or finder's fees.