Mink Ventures Corporation announced a non-brokered private placement of hard dollar units at a price of CAD 0.11 per HD Unit and flow-through units at a price of CAD 0.14 per FT Unit for a total gross proceeds of CAD 500,000 on May 7, 2024. Each HD Unit will consist of one common share of the Company and one Common Share purchase warrant. Each HD Warrant shall entitle the holder thereof to acquire one common share of the Company for a period of thirty-six months from the date of issuance at an exercise price of CAD 0.25. Each FT Unit will consist of one Common Share of the Company and one half of one Common Share purchase warrant. Each whole FT Warrant shall entitle the holder thereof to acquire one common share of the Company for a period of thirty-six months from the date of issuance at an exercise price of CAD 0.25. The securities issued under the Offering will be subject to a four-month and one day hold period and will not be sold in the United States. The Offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the Offering may occur in one or more tranches, with the initial closing date of the Offering expected to occur on or around May 31, 2024 and is not subject to receipt of a minimum amount of gross proceeds. The Company may pay to certain introducing parties in respect of the Offering finder's fees of up to 7% cash and non-transferable 7% Finder's Warrants, subject to compliance with applicable securities legislation and TSX-V policies. Each Finder's Warrant shall entitle the holder thereof to acquire one (1) common share of the company for a period of thirty-six (36) months from the date of issuance at an exercise price of CAD 0.25.

On the same date, the company announced that 1,355,727 hard-dollar units at a price of CAD 0.11 per HD unit for the gross proceeds of CAD 149,129.97 and 961,000 critical-mineral-exploration-tax-credit-eligible flow-through units at a price of CAD 0.14 per unit for the gross proceeds of CAD 131,540; aggregate gross proceeds of CAD 283,699.97 in the first tranche. All securities issued in the closing of this tranche of the private placement are subject to statutory four-month-plus-a-day hold period expiring on October 2, 2024. The private placement is subject to obtaining final approval of the TSX Venture Exchange. Certain directors and officers of the company purchased an aggregate of 145,000 FT units pursuant to the private placement. A second and final closing of the offering is expected to occur on June 12, 2024. The Company paid aggregate finder's fees totaling CAD 14,465 in cash and 116,970 in non-transferable
finder's warrants. Each Finder's Warrant entitles the holder thereof to acquire one common share of the Company for a period of thirty-six months from the date of issuance at an exercise price of CAD 0.25. All of the finder's fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies