Fitzroy Minerals Inc. announced a non-brokered private placement of up to 6,666,666 units at a price of CAD 0.15 per unit for aggregate gross proceeds of up to CAD 999,999.90 on February 28, 2024. Each unit shall be comprised of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.25 for a period of 24 months from closing of the offering.

The offering is anticipated to close on or about the week of March 18, 2024, or such earlier or later date as the company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The units to be issued under the offering will have a hold period of four months and one day from closing.

Subject to the approval of the Exchange, certain finders at arm?s length to the company may receive from the company a finder?s fee of cash and/or securities of the company on terms to be negotiated among the company and the finders.