AsiaBaseMetals Inc. (TSXV:ABZ) announced a non-brokered private placement of common shares for gross proceeds of CAD 157,000 on January 7, 2019. The company will issue 625,000 flow-through common shares at a price of CAD 0.16 per share for proceeds of CAD 100,000 and 356,250 non-flow through common shares at a price of CAD 0.16 for proceeds of CAD 57,000. The transaction will include participation from certain directors and officers of the company. The transaction is subject to approval from TSX Venture Exchange. The securities issued in the transaction are subject to a hold period of four months from the date of issue.