Geologica Resource Corp. announced a private placement of 4,000,000 units at an issue price of CAD 0.05 per unit for total gross proceeds of CAD 200,000 on December 13, 2023. Each unit consists of a share and a whole warrant.

Each warrant may be exercised for 1 share for 2 years from closing of the transaction for CAD 0.08. The securities issued under the transaction will be subject to restrictions on resale for 4 months and a day.