Minaurum Gold Inc. announced a brokered private placement of up to 24,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 6,000,000 on a best efforts basis on April 18, 2024. Each Unit will consist of one common share of the company and one half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.34 at any time on or before that date which is 24 months after the closing date of the Offering.

The Agent will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 4,000,000 Units for additional gross proceeds of up to CAD 1,000,000. The Unit Shares and Warrant Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Offering is scheduled to close on or around May 2, 2024 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.