Ares Strategic Mining Inc. (CNSX:ARS) will look for acquisitions. Ares Strategic announced that, further to its news release dated November 22, 2022, it has closed the first tranche of a non-brokered private placement offering (the 'Offering') of secured convertible debentures (each, a 'Debenture') of the Company for aggregate proceeds of $643,005.00 (the 'Credit Advanced'). The aggregate proceeds from the sale of the Debentures are anticipated to be used to finance potential acquisitions of assets or businesses in the mineral resource sector, and for general working capital purposes.