Hanstone Gold Corp. announced a private placement of 12,000,000 flow through units at a price of CAD 0.05 per unit for gross proceeds of CAD 600,000 and CAD 400,000 loan on July 31, 2023. Each flow through unit will be comprised of one "flow-through" common share and one common share purchase warrant.

Each Warrant will be exercisable to acquire an additional common share at a price of CAD 0.05 per warrant share for five years from the closing date. The company will received loan from Gurbakhshish "Bob" Hans which carry a 12% per annum rate. The principal and interest will be secured by a perfected first priority security interest in all present and after-acquired property of the company.

In connection with the Loan, company will issue to the Lender 8,000,000 common share purchase warrants,with each loan warrant exercisable to acquire a common share at a price of CAD 0.05 for three years from the closing date. The security issued in the transaction is subject to hold period of four month. The transaction is subject to approval from TSX venture stock exchange.