Meryllion Resources Corp. announced closing of a non-brokered private placement of up to 2,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 100,000 on February 27, 2023. Each unit consists of one common share and one warrant.

Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.08 per share at any time up until July 1, 2023. The transaction included participation from returning investor Croesus Mining Pty Ltd. All securities to be issued in the transaction will be subject to a 4 month and one day hold period. The transaction is subject to receipt of all required regulatory and CSE approvals.