Nuinsco Resources Limited announced a non-brokered private placement for 14,125,000 flow-through units at a subscription price of CAD 0.016 per unit for gross proceeds of CAD 226,000 on January 24, 2022. The funding was raised in two tranches. Each unit consisted of one common share of the company issued on a “flow-through” basis pursuant to the Income Tax Act and one-half of one warrant.

Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 24 months from the issue date.