Renforth Resources Inc. announced a private placement to issue 13,750,000 flow-through common units and 14,000 common units for gross proceeds of CAD 1,376,260 on December 21, 2021. Each Flow-Through Unit was priced at CAD 0.10 and consists of one common share in the capital of the company issued on a flow-through basis, and one-half of one common share purchase warrant. Each whole warrant issued with the flow through unit, entitles the holder to purchase one common share in the capital of the company at a price of CAD 0.13 for a period of 12 months following closing.

Each Unit was priced at CAD 0.09 consists of one common share in the capital of the company, and one common share purchase warrant. Each warrant issued with a unit, entitles the holder to purchase one common share in the capital of the company at a price of CAD 0.13 for a period of 12 months following closing. All securities issued under the offering are subject to a four-month statutory hold period in Canada.