Peloton Minerals Corporation announced a non-brokered private placement of up to 6,666,667 units at the price of CAD 0.09 per unit for gross proceeds of up to CAD 600,000 on May 19, 2023. The transaction may close in one or more tranches. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12.

The securities issued in connection with the transaction are subject to a hold period expiring four months and one day from the issuance of the securities.