Kintavar Exploration Inc. announced a non-brokered private placement of up to 5,148,750 flow-through units at a price of CAD 0.8 per unit for gross proceeds of up to CAD 411,900 on December 30, 2022. The transaction included participation from officers and directors of the company for a total of 262,500 units. Each unit consists of flow-through share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.10 per share until December 29, 2024. All securities to be issued in the transaction will be subject to a 4 month and one day hold period till April 30, 2023. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The company has paid finder's fee of CAD 8,792 and issued 109,900 non-transferable broker warrants to acquire such number of common shares at a price of CAD 0.10, exercisable for a period of 24 months and subject to a hold period of four months plus one day from the closing date.

The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from 28 placees and total existing insider involvement was for 262,500 shares.