Silver Pursuit Resources Ltd. (TSXV:SPF) announced a non-brokered private placement of 1,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 50,000 on January 20, 2014. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at CAD 0.05 per share for a period of five years from closing.

On March 20, 2014, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction will include participation from two investors. Insiders of the company, Benjamin Leonardo and Larga Burton will subscribe for 500,000 units each.