Eurotin Inc. (TSXV:TIN) announced a private placement of 19,047,619 common shares at a price of CAD 0.0525 per share for gross proceeds of CAD 1,000,000 on December 21, 2017. The transaction included participation from twelve placees and saw participation from Mark Wellings, Chief Executive Officer of the company for 71,429 common shares. Pursuant to the transaction Mark Wellings holds a total of 42,793,139 shares for 40.09% stake in the company. All shares issued by the company pursuant to the transaction are subject to a four month hold period.