Saint Jean Carbon Inc. (TSXV:SJL) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per common unit for gross proceeds to the company of up to CAD 500,000. Each common unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share in the capital of the company at an exercise price of CAD 0.05 per warrant share for a period of 36 months from the date of issuance. The transaction is subject to receipt of approval from regulatory authorities. The transaction is expected to close on or about January 30, 2018. All securities issued as part of the transaction will be subject to a four month and one day hold period. The company intends to pay a cash finder’s fee to arm’s length finders of up to 7% of the gross proceeds raised under the transaction from purchasers introduced to the company by the finders. In addition, the company intends to issue non-transferable warrants equal to seven (7%) percent of the total number of common units sold under the transaction.