McLaren Resources Inc. (CNSX:MCL) announced a non-brokered private placement 400,000 common share units and 3,100,000 flow-through share units each at a price of CAD 0.10 per unit for gross proceeds of CAD 350,000 on January 2, 2018. Each common share unit consists of one common share and one common share purchase warrant which entitles its holder to purchase one common share at a price of CAD 0.15 per share for a period of 18 months from the date of issuance. Each flow-through share unit consists of a common share issued on a flow-through basis and one half of a common share purchase warrant with each warrant exercisable at a price of CAD 0.15 per share for a period of 18 months from the date of issuance. The company paid finders fees consisting of CAD 9,100 in cash and CAD 15,400 by way of issuance of 154,000 common shares at a value of CAD 0.10 per share to qualified registrants. Returning investor invested through its affiliate Pavilion Flow-Through LP and increased its direct and indirect holding of the voting securities of the company from 7,076,730 shares to 9,312,730 shares which represents 20% stake. Accilent Capital Management Inc also acted as finder in connection with the transaction. On the same date the company received its first tranche.