Cortus Metals Inc. announced a private placement of up to 6,666,666 units at a price of CAD 0.15 per unit for aggregate gross proceeds of up to CAD 1,000,000 on August 27, 2021. Each unit will comprise one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of CAD 0.25 per share for a period of 12 months. The warrants will be subject to an accelerated expiry provision such that if the closing price of the company's common shares is equal to or greater than CAD 0.30 for a period of five consecutive trading days, at any time at or following the expiry of the four months resale restriction period, the company may, by notice to the warrant holder reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice. The transaction may include participation from directors and officers of the company. Finder's fees may be paid to registered dealers or other qualified parties in connection with the transaction on terms to be determined. The completion of the transaction remains subject to the approval of the TSX Venture Exchange. The company reserves the right to increase the number of units issued pursuant to the transaction to up to 10,000,000 units for up to total gross proceeds of CAD 1,500,000.