Europacific Metals Inc. announced a non-brokered private placement of up to 13,000,000 units at a price of CAD 0.025 per unit for aggregate gross proceeds of up to CAD 325,000 on October 17, 2023. Each unit will comprise one common share and one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.05 for a period of two years from the closing of the transaction. The company may pay finders' fees on a portion of the transaction.

The transaction will include participation from insiders of the company. The transaction is subject to the approval of the TSX Venture Exchange. The common shares issued pursuant to the transaction will be subject to a four-month hold period.