Manning Ventures Inc. announced a private placement of 10,400,000 flow-through common shares at an issue price of CAD 0.075 per share for gross proceeds of CAD 780,000 on December 23, 2022. In connection with the transaction, the company paid a finder's fee of CAD 62,400 and issued an aggregate of 832,000 non-transferable finders' warrants. Each Finders' Warrant entitles the holder thereof to purchase one common share at a price of CAD 0.075 per Finders' Warrant Share for a period of 36 months from the date of issuance.

All of the securities issued in the transaction are subject to a hold period of 4 months and a day pursuant to applicable securities laws which expires on April 23, 2023.