Border Petroleum Limited (TSXV:BOR) announced a private placement of units at 0.06 per unit and flow through common shares at CAD 0.05 per share for gross proceeds between CAD 1,500,000 and CAD 1,800,000 on July 31, 2014. Each unit consists of one common share and one-half of a share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at CAD 0.06 per share for a period of two years.

The company will not pay any finder's fee in connection with the transaction. The securities to be issued are subject to a hold period of four month.