Flow Metals Corp. announced that it has closed a non-brokered private placement of 5,178,999 units at a price of CAD 0.07 per unit for gross proceeds of CAD 362,529.93 on October 21, 2022. Each unit is comprised of one common share and one-half of one transferable share purchase warrant of the company.

Each warrant entitles the holder thereof to purchase one additional common share at an exercise price of CAD 0.15 per share for a period of 24 months from the date of issuance. No finderÆs fees have been paid in the transaction. All securities issued are subject to a four-month and one day hold period.