McLaren Resources Inc. (CNSX:MCL) announced a non-brokered private placement of 2,000,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds CAD 100,000 on January 2, 2019. Each flow-through unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.15 per share for a period of 18 months from the date of issuance. The company shall have the right to accelerate the exercise of the warrants if the company shares trade at a weighted average price exceeding CAD 0.15 per share for 20 consecutive trading days. The company has paid the finder’s fee of CAD 8,000 and issued 160,000 finder's warrants with an exercise price of CAD 0.10 per share for the period of 18 months from the date of issuance to Accilent Capital Management Inc.