Ophir Gold Corp. announced a non-brokered private placement of 8,571,428 charity flow-through units at an issue price of CAD 0.35 per flow through unit for aggregate gross proceeds of CAD 3 million on May 10, 2023. Each Flow Through Unit shall be comprised of one Common Share and one common share purchase warrant.

Each Flow Through Warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.40 per common share for a period of three years from date of issuance. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

The Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange.