McLaren Resources Inc. announced a non-brokered private placement of 3,808,000 flow-through units at a price of CAD 0.07 per unit for gross proceeds of CAD 266,560 on January 4, 2022. Each flow-through unit consisting of one common share in the capital of company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole warrant is exercisable at a price of CAD 0.10 per common share for a period of 24 months from the date of issuance.

The transaction included participation from returning investor Accilent Capital Management Inc subscribed units through its affiliate pavilion flow-through L.P. The investor has has increased its direct and indirect holding of the voting securities of the company from 18.23% to 22.19% on a fully diluted basis. In connection with the financing, the company paid finder's fees consisting of CAD 2,205 in cash and 226,000 shares of the Company, including a finder's fee of 201,000 shares of the Company to Accilent Capital Management Inc.