Provenance Gold Corp. announced a private placement of 11,973,999 units at a price of CAD 0.13 per unit for gross proceeds of CAD 1,556,619.87 on October 22, 2021. The transaction included participation from one director of the company for an aggregate of 100,000 units. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder thereof to purchase one additional common share at a price of CAD 0.20 per warrant share until October 22, 2024. All securities issued in connection with the transaction are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws until February 23, 2021. There were no finders' fees paid in connection with this transaction.