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Altair Resources (AVX:CA): Closes $400,000 Private Placement

completed the final closing of its non-brokered private placement financing by issuing a total of two million units of the company, at a price of 20 cents per unit, for gross proceeds of $400,000.

Altair Resources Inc (AVX) further to the company’s news release dated Dec. 21, 2016, has completed the final closing of its non-brokered private placement financing by issuing a total of two million units of the company, at a price of 20 cents per unit, for gross proceeds of $400,000. Each unit comprised one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at a price of 25 cents per share for a period of three years from closing. Proceeds will be used for working capital. The company also paid finders’ fees of 200,000 common shares of the company. The company completed the placement in tranches and all securities issued have a hold period of four months plus a day from the date of issuance. The last hold period expires on May 17, 2017.

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