New Placer Dome Gold Corp. announced a non-brokered private placement to issue 62,500,000 units at a price of CAD 0.08 per unit for aggregate gross proceeds of a minimum of CAD 4,000,000 and a maximum of CAD 5,000,000 on September 14, 2021. Each unit will be comprised of one common share and one transferable common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at a price of CAD 0.12 per share for a period of three years from the date of issue, provided that, if after four months from the date of issue, the closing price of the common shares of the company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than CAD 0.20 for a period of ten consecutive trading days at any time prior to the expiry Time, the company will have the right to accelerate the expiry time of the warrants by giving notice to the holders of the warrants by news release or other form of notice permitted by the certificate representing the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten days from the date notice is given. In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange. The transaction is expected to close on or before October 22, 2021.