Loyalist Exploration Limited announced a non brokered private placement financing of up to 15,000,000 common shares at an issue price of CAD 0.010 per share for the gross proceeds of CAD 150,000 on April 12, 2024. In connection with the Offering, the Company may pay finder?s fees equal to 7% of the gross proceeds in cash and issue non-transferable warrants to various registered dealers or finders, equal to 7% of the Shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one Loyalist common share at a price of CAD 0.05 per share for a period of 36 months from the closing date of the offering.

The Shares issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. The Private Placement will be conducted in reliance upon certain prospectus exemptions.