Enerev5 Metals Inc. announced a brokered private placement of units for gross proceeds of up to CAD 250,000 on August 4, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.1 per share for a period of two years from the date of closing.

On the same day, the company issued 1,600,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 80,000 in its first tranche. The securities issued in the first tranche are subject to four months and one day hold period expiring on December 5, 2022. The TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from one placee.