Damara Gold Corp. announced a non-brokered private placement of up to 8,333,333 units of the company at a price of $0.03 per unit for gross proceeds of $249,999.99 on September 5, 2023. Each unit will consist of one common share in the capital of the company and one-half of one warrant.

Each warrant will entitle the holder to purchase one additional common share in the capital of the company at a price of $0.10 for 24 months from closing. The Company may pay finders' fees of 5% cash and 5% finders warrants. All securities issued pursuant to the offering are subject to a statutory four month and one day hold period from the date of closing.