UC Resources Ltd. (OTCPK:UCRL.F) announced that it has completed a non-brokered private placement for 25,950,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 1,297,500 on January 10, 2018. Each unit is comprised of one common share and common share purchase warrant at an exercise price of CAD 0.10 per share. The company issued 25,950,000 warrants to purchase 25,950,000 shares. The warrants will expire on January 9, 2018. The transaction included participation from 21 placees including Satvir S. Dhillon has subscribed for 350,000 units. The company also announced that it has paid finders fees in the transaction in the amount of 1,560,000 units included 510,000 units payable to Mark Schipperheijn, 300,000 units to Devanha Holdings Ltd. and 750,000 units to Michael Seifert in accordance with the rules of the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The securities issued in the transaction are subject to a statutory four-month hold period.