Peloton Minerals Corp. announced a non-brokered private placement of 5,613,038 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 280,651.90 on August 16, 2022. Each unit consists of one common share and one share purchase warrant, with each whole share purchase warrant entitling the holder to acquire an additional common share of the company at a price of CAD 0.10 per share for a period of three years.

All securities issued in the transaction have a hold period expiring four months and one day from the issuance of the securities.