Sandy Lake Gold Inc. (TSXV:SLAU) announced a non-brokered private placement of up to 10,000,000 units at CAD 0.055 per unit for gross proceeds of up to CAD 550,000 on January 15, 2018. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.10 per share for a period of 24 months from the date of closing. The transaction will include participation from insiders of up to 8,000,000 units. The company expects to close the transaction on or about January 29, 2018. The transaction is subject to receipt of all regulatory approvals.