Atco Mining Inc announced a non-brokered private placement of 4,000,000 flow-through units at issue price CAD 0.0575 per Unit for gross proceeds CAD 230,000 on May 10, 2024. Each FT Unit will consist of one common share and one share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.15 for a period of 24 months.

All securities issued in the Offering will be subject to a statutory four-month-and-one-day hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The Company may pay finders' fees to eligible third parties in consideration for the introduction of subscribers to the Offering.

The Offering is fully subscribed and the Company intends to close within the next week.