Cleghorn Minerals Ltd. announced a non-brokered private placement up to 2,095,239 units at an issue price of CAD 0.0525 per unit for gross proceeds of CAD 110,000 on May 2, 2023. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant entitling the purchase of one common share at a per-share price of CAD 0.07 for two years from the date of issuance of the securities.

All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.