Rizal Resources Corporation (TSXV:RZL) announced a non-brokered private placement of units on December 19, 2018. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.05 per share for a period of 36 months. The warrants are subject to acceleration clause. All securities issued in the transaction are subject to hold period of four months and one day from the date of closing. The transaction is subject to approval of TSX Venture Exchange. On same date, the company has issued 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 500,000 in its first tranche. The director has subscribed 581,400 units.