Prairie Downs Metals Limited (ASX:PDZ) announced a private placement of 13,500,000 common shares at AUD 0.27 per share for gross proceeds of AUD 3,645,000 on December 24, 2013. The round will involve participation from number of European and Australian based institutional and high net worth investors. CPS Capital will act as lead placement agent to the company.

On December 27, 2013, the company issued 1,851,851 shares for gross proceeds of AUD 499,999.77.

On January 8, 2014, Prairie Downs Metals Limited closed the transaction.