Distinct Infrastructure Group Inc. announced a private placement of 7,614,000 common shares at a price of CAD 1.35 per share for gross proceeds of CAD 10,278,900 on October 18, 2017. The shares issued are subjected to a statutory hold period of four month expiring on March 22, 2018. The transaction will includes participation from 4 placees including, new investor SeaFort Capital for 6,800,000 common shares for 15.8% stake in the company. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. As a part of the round, a representative of SeaFort Capital will join the board of directors of the company.