Richmond Minerals Inc. (TSXV:RMD) announced a non-brokered private placement of up to 4,000,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 on January 2, 2019. Each unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each warrant entitles the investor to acquire an additional share in the company at an exercise price of CAD 0.08 per share until two years from the date of closing. The securities issued are subject to hold period of four months and one day. The transaction is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The transaction is expected to close on the same day.