1844 Resources Inc. announced a non-brokered private placement of 7,500,000 common shares at issue price of CAD 0.05 per share for gross proceeds of up to CAD 375,000 on June 24, 2021. The management and insider will participate for 8% securities in the transaction. The company will pay 8% cash finder’s fee and 4% non-transferable share purchase, each warrant entitling the holder thereof to purchase one common share of the company at a price of CAD 0.05 per share for a period of 12 months from closing. The securities issued are subject to a hold period of four month and a day from the date of the closing.