Baymount Incorporated announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.01 per unit for aggregate gross proceeds of up to CAD 100,000 on April 12, 2024. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.05 for a period of one year from the closing date of the Offering.

The company will not make any proposed payments to non-arm?s length parties of the company and will not make any payment to persons conducting investor relations activities with the proceeds from the Offering. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with Offering will be subject to a statutory hold period of four months and one day from the closing date in accordance with applicable securities legislation.