EDM Resources Inc. announced a non-brokered private placement of 14,000,000 units at a price of CAD 0.11 per unit for the gross proceeds of CAD 1,540,000 on December 22, 2023. Each unit consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.14 per share.

The company may pay finder?s fees and issue finder?s warrants to eligible finders for their assistance with the offering in accordance with market norms. Any finder?s warrants will have the same terms as the Warrants. The offering is subject to approval of the TSX Venture Exchange.