Nubian Resources Ltd. announced a non-brokered private placement of up to 7,500,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 600,000 on April 17, 2023. Each unit will consists of one common share and one common share purchase warrant. Each warrant will be exercisable at CAD 0.10 for a period of 24 months post the closing date.

As part of transaction, the company may pay finder's fees of 6% cash and 6% compensation warrants in accordance with the policies of the TSX Venture Exchange.