Madison Metals Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.35 per unit for aggregate gross proceeds of a minimum of CAD 1,000,000 and a maximum of CAD 3,500,000 on March 12, 2024. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant entitles the holder thereof to purchase one common share in the capital of the company for a price of CAD 0.50 for a period of eighteen months from the date of the closing.

A finder?s fee may be paid in the amount of 6% cash and the issuance of broker warrants equal to 6% of the Units issued in the Offering, with each broker warrant entitling the holder to acquire one common share of the company for a period of eighteen months from the date of issuance at an exercise price of CAD 0.50 per common share, all in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The securities issued pursuant to the Offering will not be subject to any statutory hold period in accordance with applicable Canadian securities laws.