Premium Exploration, Inc. (TSXV:PEM) announced a non-brokered private placement of maximum 42,000,000 units at CAD 0.03 per unit for gross proceeds of CAD 1,260,000 on March 10, 2015. Each unit consists of one common share and one share purchase warrant. each warrant entitles the holder to purchase one common share at CAD 0.07 per share for a period of two from the date of closing.

The company announced that existing shareholders will participate in the transaction. The company will pay finder's fee of 7% in cash, shares or warrants or combination to eligible finders, subject to approval by the TSX Venture Exchange. The securities issued are subject to a four month hold period in accordance with applicable securities laws.

The transaction is subject to final acceptance by TSX Venture Exchange.