Goldflare Exploration Inc. announced that it has completed a private placement and issued 4,050,000 flow-through common shares at an issue price of CAD 0.08 per common share for total gross proceeds of CAD 324,000 on June 27, 2023. No insider participated in the transaction and CAD 18,000 intermediary fees were paid. The securities to be issued will be subject to a minimum holding period of four months plus one day.

The offering is subject to final approval from the TSX Venture Exchange. The company has accepted TSX venture exchange filings. The transaction included participation from 2 placees.