Goat Industries Ltd. (CSE: GOAT) (OTC: BGTTF) (FWB: 26B.F) has closed the first tranche of its non-brokered private placement, raising gross proceeds of C$2,019,199.80 through the sale of 6,730,666 units at C$0.30 per unit. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$0.45 for two years. The net proceeds will be used to fund the company's acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (together, "BETSource"), expand and develop BETSource's business, pursue future investments, and support general corporate purposes. Finders' fees totaling C$99,414 and 331,380 broker warrants were paid to qualified parties. An entity directed by a company director participated in the placement by settling C$10,020 of management fee debt for 66,666 units. All securities issued are subject to a statutory hold period.