Specialty Liquid Transportation Corp. (TSXV:SLT) announced a private placement of a maximum of 12,500,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 5,000,000 on August 29, 2018. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the investor to acquire an additional common share in the company at a price of CAD 0.55 per share for a period of 2 years. The broker warrants will have an exercise price of CAD 0.40 per share.