Leocor Gold Inc. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.50 per unit for gross proceeds of up to CAD 5.0 million and 4,166,667 flow-through units at the price of CAD 0.6 per unit for gross proceeds of CAD 2,500,000 for total proceeds of CAD 7,500,000 on June 2, 2021. Each unit will consist of one common share of the company and one transferable common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of CAD 0.75 share for a period of 24 months following the date of issuance. Each flow through unit will consist of one flow-through common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of CAD 0.75 for a period of twenty-four months from their date of issuance. All securities issued under the private placement will be subject to a four-month hold period from the closing date in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to certain conditions including, but not limited to, the receipt of all applicable regulatory approvals. In connection with completion of the placement, the company may pay finders’ fees to eligible third parties who assist in introducing subscribers.