Cleghorn Minerals Ltd. announced a non-brokered private placement to issue 3,000,000 Units at CAD 0.05 per Unit price for gross proceeds CAD 150,000 on February 8, 2024. Each Unit will consist of one common share in the capital of the Company 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 three years from the date of issuance of the securities. The offering is subject to acceptance by the TSX Venture Exchange.

Directors and/or officers of Cleghorn will participate in the offering. 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.