Marauder Resources East Coast Inc. (TSXV:MES) announced a brokered private placement of 23,076,923 units at a price of CAD 0.065 per unit for gross proceeds of CAD 150,000 on December 21, 2012. Each unit consists of one common share and one half share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.13 per share for a period of 24 months from the date of closing of the transaction. M Partners Inc will serve as a lead placement agent to the company.

On February 12, 2013, the company closed the first tranche of the transaction. The company issued 15,385,224 units for gross proceeds of CAD 1,000,039.56. Securities issued in the transaction are subject to a hold period of four months.