Arcland Resources Inc. announced a non-brokered private placement of up to 4,000,000 units at the price of CAD 0.10 per unit for gross proceeds of up to CAD 400,000 on June 1, 2023. There be no commissions or finders fees paid in respect of the transaction. The securities issued in the transaction will be subject to a 4 month hold period from the date of issuance.

The transaction is subject to regulatory approval, including approval of the TSX Venture Exchange. Subject to regulatory approval, the participation of the company's directors and officers, insiders, and other related parties in the transaction would be considered a “related party transaction”.