Go Metals Corp. announced a non-brokered private placement of up to 1,200,000 flow-through units at issue price of CAD 1.254 per flow-through unit for gross proceeds of CAD 1,504,800 on October 31, 2022. Each flow-through unit consist of one common share and one-half of one common share purchase warrant.

Each warrant will entitle the holder to acquire one common share of the company at a price of CAD 1 per share for a period of 24 months from the closing. The company will pay cash finders' fee of 8% and issued finders' warrants of 8% of the flow-through units placed. The transaction is subject to receipt of all regulatory approvals including the approval of the Canadian Securities Exchange.

All the securities to be issued is subject to a hold period of four months and one day from the closing.