Denarius Metals Corp. announced a private placement to issue 20,000 senior unsecured convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 20,000,000 on April 29, 2024. Each Unit shall consist of 1 CAD 1,000 12% per annum gold-linked senior unsecured convertible debentures and 500 common share purchase warrants. Each Warrant entitling the holder to purchase one common share a price of CAD 0.70 per Common Share at any time on or before that date which is 36 months after the Closing Date The Debentures will be issued at a price of CAD 1.00 per Debenture. The Debentures are non-callable and will mature and become payable on the date which is five years from the date of issuance of the Debentures, unless otherwise converted, prepaid or accelerated in accordance with their terms. At any time prior to the Maturity Date, the Debentures will be convertible at the holder's option into Common Shares of the Company at a conversion price of CAD 0.70 per Common Share plus any accrued and unpaid interest. The Offering is scheduled to close on or about May 23, 2024 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of Cboe Canada. The Units, Debentures, Warrants and Common Shares issuable from the conversion or exercise of the Debentures and Warrants, as applicable, will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date.

On May 13, 2024, the company announced it will grant agent option exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 3,000 Units for additional gross proceeds of up to CAD 3,000,000.