Gorilla Minerals Corp. (CNSX:GOCO) announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 1,000,000 and 5,000,000 flow-through units at a price of CAD 0.25 per unit for gross proceeds of CAD 1,250,000 for total proceeds of CAD 2,250,000 on January 2, 2018. Each unit consists of one common share and one half share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.30 per share. Each flow-through unit consists of one flow-through common share and one half non flow-through share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.30 per share. The company will not pay finder's fee in the transaction. The securities are subject to a four month hold period.