GSP Resource Corp. announced a non-brokered private placement of 1,165,233 units at a price of CAD 0.215 per unit for aggregate gross proceeds of CAD 250,525.10 on October 5, 2023. Each unit consists of one flow-through common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at a price of CAD 0.30 per share for a period of two years following the date of issuance. The company has paid aggregate cash finder's fees of CAD 14,000 and issued 74,419 non-transferable finder warrants to a finder on a portion of the private placement. The finder warrants are each exercisable to purchase one common share of the company at a price of CAD 0.215 per share for a period of two years from the closing date of the transaction. The transaction included participation from 1 insider for 67,500 units for CAD 14,512.50. All securities issued under the private placement are subject to a four month hold period in accordance with applicable securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 4 placees including existing insider involvement of one insider for 67,500 and pro group involvement of one pro group for100,000.