Canadian Imperial Venture Corp. (TSXV:CQV.H) announced a non-brokered private placement of 11,000,000 units at an issue price of CAD 0.095 per unit for gross proceeds of CAD 1,045,000 on January 3, 2018. Each unit will be comprised of one common share and one share purchase warrant, entitling the holder to acquire one additional share at an exercise price of CAD 0.125 for a period of 12 months. The securities issued in the transaction will be subject to a four-month hold period from the closing date. The company announced that it may pay finders’ fees on the non-insider portions of the transaction. The transaction is subject to approval from the TSX Venture Exchange.