Hanstone Gold Corp. announced a non-brokered private placement of 2,000,000 flow-through units of the company at a price of CAD 0.25 per FT unit on April 21, 2022. Each FT unit is comprised of one flow-through common share of the company and one common share purchase warrant.

Each warrant is exercisable to acquire an additional common share at a price of CAD 0.30 per warrant share for 12 months from the closing date. In connection with the transaction, the company will pay finder's fees of CAD 1,750 and will issue 7,000 non-transferable compensation options, each entitling the holder thereof to purchase one common share at an exercise price of CAD 0.30 for 24 months. The closing of the transaction is subject to the receipt of the approval of the TSX Venture Exchange.

The securities issued under the transaction will be subject to a four month hold period. Insiders of the company purchased an aggregate of 300,000 FT units under the transaction for gross proceeds of CAD 75,000. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The transaction will include participation from five placees and insider Raymond Marks for 300,000 units. The company paid CAD 1,750 as cash and 7,000 finder warrants to Odlum Brown Ltd. Each finder's warrant is exercisable to purchase one common share at an exercise price of 30 cents for a two-year period.