On February 27, 2009, Armistice Resources Corp. (TSX: AZ) announced that it had closed its previously announced private placement. The fully subscribed private placement raised gross proceeds of $935,600.25 through the sale of 6,237,335 units in the capital of the company.

Armistice intends to use the net proceeds of the offering for underground exploration at its McGarry project and for exploration, general corporate purposes and working capital. Armistice is a Canadian exploration company that owns an advanced exploration underground gold project in North-eastern Ontario.

Armistice was advised in this transaction by Fasken Martineau with a team that included Michael Bourassa and Alex Nikolic (securities) and Neil Smiley (real estate), assisted by student-at-law Jessica Catton.