Ecometals Ltd. (TSXV:EC) announced a private placement of 120 units at a price of $1,000 per unit for gross proceeds of $120,000 on March 5, 2013. Each unit consists of one convertible unsecured debenture and 20,000 warrants. Each debenture is of $1,000 and convertible at the option of the holder at any time prior to the maturity date being one year from the date of issuance.

Each warrant is exercisable at a price of $0.05 per share for a period of one year from the date of issuance.