Minecorp Energy Ltd. (TSXV:GMZ) announced a non-brokered private placement of up to 13,600,000 units at a price of CAD 0.03 per unit for total proceeds of up to CAD 408,000 on November 17, 2014. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.05 for two years from the closing date. The securities will be issued to all existing shareholders of the company. The securities are subject to a four month hold period. The transaction is subject to approval from the TSX Venture Exchange. In connection with the transaction, the company will pay a finder's fee.

On January 13, 2015, the company announced that it has amended the terms of the transaction. The company will now issue up to 20,400,000 units at CAD 0.02 per unit for gross proceeds of CAD 408,000. The transaction will be open to all existing shareholders of the company, subject to their jurisdiction of residence. The securities being issued are subject to a hold period of four months from the date of issuance. The company will pay finders' fees in connection with the transaction.

On May 28, 2015, the company announced that the TSX Venture Exchange has granted an extension to the deadline for filing final documentation for the transaction.