Corsa Coal Announces $10 Million Private Placement

Corsa Coal (TSXV:CSO) announced a private placement for gross proceeds of $10 million.
As quoted in the press release:

The closing of the Offering is expected to occur on or about such date or dates as agreed upon by the Company and the Agent and is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange (the “TSXV”). The Common Shares issued with respect to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Click here for the full press release.