Ares Strategic Mining Inc. announced a private placement of up to 2,400,000 common shares at a price of CAD 0.38 per share for gross proceeds of CAD 912,000 on November 23, 2021. The company may pay finder's fees in the transaction. All securities issued in the transaction have a hold period of four months and a day. Closing of the transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.