Fremont Gold Ltd. announced a non-brokered private placement of up to 25,000,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 3,000,000 on June 22, 2023. Each unit will be comprised of one common share and one half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a purchase price of CAD 0.20 per for a period of 24 months following the closing of the private placement.

The company may pay a finder's fee of up to 5% of the gross proceeds raised in connection with the private placement. The closing of the private placement and the payment of any finder's fees will be subject to the approval of the TSX Venture Exchange. The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements.