CAVU Energy Metals Corp. announced a private placement of 3,333,333 flow-through units at an issue price of CAD 0.30 per unit for a gross proceeds of up to CAD 1,000,000 on June 22, 2022. Each unit consist of one common share and one half of one common share purchase warrant.

Each Warrant will be exercisable at CAD 0.50 per share for a period of two years from the date of issuance. All securities issued under the transaction will be subject to a four-month and one-day statutory hold period. Finder's fees may be payable in accordance with the policies of the Canadian Securities Exchange.