Barsele Minerals Corp. announced a non-brokered private placement that it has issued 2,000,667 units at a price of CAD 0.15 per unit for aggregate gross proceeds of CAD 300,100 on November 17, 2023. Each unit consists of one common share and one-half of one warrant.

Each warrant entitles the holder thereof to acquire one share at the price of CAD 0.25 per share until November 17, 2025. The shares and warrants comprising the units and any shares issued upon the exercise of the warrants are subject to a statutory hold period which expires on March 18, 2024. No insiders of the company participated in the offering.

The transaction included participation from five placees. The transaction included aggregate pro-group involvement from two groups for 1.1 million shares.