Europacific Metals Inc announced a non-brokered private placement of up to 6,250,000 units at issue price CAD 0.04 per unit for gross proceeds of up to CAD 250,000 on June 20, 2024. Each unit consists of one common share of the company and one transferable share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share of the company at an exercise price of CAD 0.05 per warrant share for a period of two years.

All securities issued pursuant to the Private Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to approval of the TSX Venture Exchange. Karim Rayani and Deepak Malhotra have agreed to subscribe in the Private Placement for 500,000 Units each.