GeoVenCap Inc. (TSXV:GOV) announced a non-brokered private placement of 416,666 units at CAD 0.24 per unit for gross proceeds of CAD 100,000 on July 24, 2012. 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 CAD 0.35 per share for 24 months from the closing. The securities issued under the transaction are subject to a four month hold period and TSX Venture Exchange acceptance. No finder's fees or commissions were paid in connection with the transaction. The transaction saw participation from one placee. On July 24, 2012, GeoVenCap Inc. closed the transaction.