Enerev5 Metals Inc. announced a brokered private placement to issue up to 5,000,000 hard dollar units at a price of CAD 0.05 per unit for the gross proceeds of CAD 250,000 and up to 3,000,000 flow-through units at a price of CAD 0.10 per unit CAD 300,000. Each hard dollar unit consists of one common share of the company and one common share purchase warrant for the total gross proceeds of CAD 550,000 on March 2, 2023. Each warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.05 for a period of five years from the date of issue.

Each flow-through unit consists of one flow-through common share and one warrant entitling the holder to acquire one additional common share. The company will pay the agent a cash fee of 9% of the funds raised, and issue to the agent 10% of all hard dollar units and flow-through units issued in the form of non-transferable broker warrants. Each broker warrant entitles the holder to acquire one unit at a price of CAD 0.05 for a period of five years.

Each Broker Unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.05 for a period of five years from the date of issuance of the broker warrant.