Petrolympic Ltd. announced a non-brokered private placement of 5,881,800 flow-through common shares at a price of CAD 0.11 per flow-through share, for aggregate gross proceeds of CAD 646,998 on November 24, 2022. In connection with the transaction, the company paid finder's commissions of an aggregate of CAD 19,409.94 and issued an aggregate of 215,666 finder's shares at the 20 day VWAP price of CAD 0.09 per finder's share. The securities issued under the transaction have a hold period of four months and one day from the date of issuance.

The transaction includes participation from two placees.