Loncor Gold Inc. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.4 per unit for gross proceeds of up to CAD 1,600,000 on March 28, 2023. Each unit will consist of one common share and one common share purchase warrant, with each such warrant entitling the holder thereof to acquire one common share of the company at an exercise price of CAD 0.6 for a period of 24 months following the closing date of the financing. The closing of the transaction is subject to receipt of all necessary approvals, including approvals of the Toronto Stock Exchange and the board of directors of the company.