Mantaro Precious Metals Corp. announced a non-brokered private placement of up to 12,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 600,000 on February 1, 2024. Each Unit will consist of one common share and one common share purchase warrant with each Warrant entitling the holder to purchase one additional Share for a period of one year from the date of issuance at an exercise price of CAD 0.075 per Share.

The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay finders a fee in cash and/or share purchase warrants.