Auscan Resources Inc. announced a non-brokered private placement financing of up to 640,000 units at an issue price of CAD 0.13 per Unit for gross proceeds of up to CAD 83,200 on January 4, 2024. Each Unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional share for a period of two years at a price of CAD 0.17. The Warrants will have restrictions which will prohibit exercise in certain circumstances.

The transaction will include participation from Insiders of the company. The financing is subject to acceptance of filings with the TSX Venture Exchange.