Minaurum Gold Inc. announced a non-brokered private placement that it has issued of up to 7,275,000 units at a price of CAD 0.11 per unit for the gross proceeds of CAD 800,250 on November 3, 2023. Each Unit consists of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder to purchase one common share at an exercise price of CAD 0.18 for 36 months following the date of issuance. Closing of the transaction is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. There are no finder?s fees with respect to the Private Placement. All securities issued in connection with the Private Placement will be subject to a four-month hold period expiring on March 4, 2024 under applicable Canadian securities laws. The transaction included participation from eight investors. The company has raised CAD 24,750 pursuant to Regulation D in the transaction from single investor.

On November 17, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.