Regent Ventures Ltd. (TSXV:REV) announced a private placement of 16,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 800,000 on January 23, 2012. Each unit consists of one common share and one-half of a non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.10 per share for a period of one year from closing.

On July 11, 2012, the company announced that it is still in the process to complete the transaction. The company may pay a commission or finder's fee in cash and/or securities with respect to the transaction.

On October 5, 2012, Regent Ventures Ltd. closed the transaction. The company issued 3,150,000 units to 10 investors for gross proceeds of CAD 157,500. The company paid finder's of CAD 3,570 in cash in connection with the transaction. Out of the securities issued, the hold period for 1,150,000 units expires on June 18, 2012 and for 2,000,000 units the hold period expires on November 11, 2012.