MBMI Resources Inc. (OTCPK:MBRT.F) announced a non-brokered private placement of 8,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 400,000 on July 4, 2018. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase additional common share at a price of 0.05 per share for a period of 12 months from the issuance. The company may raise amount in one or more tranches. The transaction is subject to TSX Venture Exchange approval.