Kiplin Metals Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.2 per unit for gross proceeds of CAD 3,000,000 on June 30, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.25 at any time on or before that date which is twelve months after the closing date of the transaction.

The company may pay finder fees to eligible parties in the transaction. The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The transaction is subject to approval from TSX Venture Exchange.