Ecometals Ltd. (TSXV:EC) announced a private placement of 4,216,900 units of at CAD 0.05 per unit for gross proceeds of CAD 210,845 on November 21, 2012. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.10 per share at any time until November 20, 2014. The company issued the securities to six placees. The company will pay a finder's fee equal to 8% of the gross proceeds raised from subscribers introduced by the finders either in cash, issue units at the same price as the transaction or combination of both. The company paid cash commission of CAD 15,200 to Gebann Management System, LLC. All the securities issued in the transaction have a four month hold period expiring on March 21, 2013.

On November 21, 2012, Ecometals Ltd closed the transaction.