Goldflare Exploration Inc. announced a private placement to issue 551,429 units at an issue price of CAD 0.21 per unit for the gross proceeds of CAD 115,800.09 on December 4, 2023. Each unit is comprised of 2 common shares at an issue price of CAD 0.025 per share, 4 flow-through common shares at an issue price of CAD 0.04 and 3,308,574 warrants at an issue price of CAD 0.06 per warrant. No insider participated in this placement and CAD 4,536 intermediary fees were engaged.

All the securities issued are subject to a minimum holding period of four months plus one day, and the offering is subject to final approval from the TSX Venture Exchange. The offering totals 1,102,858 common shares, 2,205,716 flow-through shares and a total of 3,308,574 warrants.