Blacksteel Energy Inc. announced a private placement of 5,000,000 flow-through shares at a price of CAD 0.09 per flow-through share for gross proceeds of CAD 450,000 and 5,000,000 common shares at a price of CAD 0.08 per share for gross proceeds of CAD 400,000; for total gross proceeds of CAD 850,000 on July 25, 2022.

On the same date, the company has issued 111,111 flow-through shares for gross proceeds of CAD 9,999.99 and 1,375,000 common shares for gross proceeds of CAD 110,000; for total gross proceeds of CAD 120,000 in its first tranche.