Collingwood Resources Corp. announced a non-brokered private placement of up to 1.2 million common shares at a price of CAD 0.195 per share for gross proceeds of up to CAD 234,000 on January 6, 2023. All the securities issued are subject to a hold period expiring four months and one day from the date of issuance.

The company may pay finder's fees with respect to the transaction. Closing of the transaction is subject to the approval of the TSX Venture Exchange.