Pucara Gold Ltd. announced a non-brokered private placement of up to 16,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 800,000 on November 14, 2022. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.08 per share at any time within five years of the date of issuance. All securities to be issued pursuant to the financing will be subject to a four-month resale restriction.

The transaction is subject to the approval of the TSX Venture Exchange. Insiders of the company may subscribe for up to 25% of the transaction.