Nortec Minerals Corp. announced non-brokered private placement to issue up to 25,000,000 units of the at a price of CAD 0.01 per unit for gross proceeds of up to CAD 250,000 and up to 25,000,000 flow-through common shares at a price of CAD 0.02 per share for gross proceeds of CAD 500,000 and aggregate gross proceeds of CAD 750,000 on June 14, 2022. Each unit consists of one common share purchase warrant exercisable at an exercise price of CAD 0.05 per warrant. The transaction is subject to approval from TSX Venture Exchange. The company may pay finder's fee with respect to the transaction.

The exchange has conditionally accepted the proposed non-brokered private placement, the closing of which is subject to the company receiving final approval of the transaction from the exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.