Magnum Goldcorp Inc. announced a non-brokered private placement of 3,000,000 non-flow through units at a price of CAD 0.05 per unit for proceeds of CAD 150,000 on March 29, 2022. Each non flow-through unit will consist of one common share and one share purchase warrant, with each warrant entitles the holder to purchase an additional common share for a period of 5 years at an exercise price of CAD 0.10. The company may pay finder's fee equal to 10% payable in cash or non-flow-through units, in the transaction.

The transaction is subject to regulatory approval.