Giant Mining Corp announced a non-brokered private placement pf 4,000,000 units at a price CAD 0.3 per unit for a gross proceeds CAD 1,200,000 on April 29, 2024. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at a price of CAD 0.4 for a period of 24 months from the date of issuance.

Directors and officers of the company may acquire securities under the private placement, which will be considered a related party transaction, as defined under Multilateral Instrument 61-101. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements. The warrants will contain an acceleration provision which will provide that should the company's shares trade at or above CAD 1.20 for a period of five or more consecutive trading days, the expiry date of the warrants will be accelerated to 30 days from the date that the company provides notice.

All securities issued pursuant to the private placement will be subject to a hold period of four months and one day, as required under applicable securities legislation.