Independence Gold Corp. announced a private placement to issue up to a maximum of 8,333,333 shares comprising flow-through common shares and units. The Flow-through shares will be offered at CAD 0.18 and the Units will be offered at a price of CAD 0.18 for a maximum aggregate proceeds of CAD 1,500,000, and a combined total of a maximum 8,333,333 shares issued on November 15, 2023.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at an exercise price of CAD 0.24 per common share for a period of 24 months. The transaction is subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees may be payable to eligible arm's length persons with respect to certain subscriptions accepted by the company.

Closing of the offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities issued will be subject to a four month hold period.