Golden Tag Resources Ltd. announced non-brokered private placement of 45,000,000 subscription receipts at a price of CAD 0.20 per receipt for gross proceeds of CAD 9,000,000 on March 6, 2023. The transaction includes participation from First Majestic Silver Corp. Each Subscription Receipt will entitle the holder thereof to receive one unit of the Company pursuant to the terms and conditions of the Subscription Receipt Agreement.

Each unit consists of one common share and one-half of one share purchase warrant, with each warrant exercisable at CAD 0.34 per share for 36 months after closing. The closing of the Offering is subject to certain conditions including, but not limited to, the completion of documentation and the receipt of all necessary regulatory and other approvals, including the approval of the TSXV.