Stone Gold Inc. announced a non-brokered private placement of 5,000,000 units at CAD 0.10 per flow-through unit for gross proceeds of CAD 500,000 on November 17, 2021. Each flow through unit consists of one common share and one common share purchase warrant. Each flow-through warrant entitles the holder to acquire company share for a period of 24 months at a price of CAD 0.15. The Warrants are subject to an acceleration clause whereby, if the trading price of the Shares is equal to or greater than CAD 0.30 cents per share for a period of 20 consecutive trading days, the Company may reduce the remaining exercise period applicable to the Warrants to not less than 30 days from the date of such notice. The transaction is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The securities issued pursuant to the transaction will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. In connection with the transaction, eligible finders were paid CAD 10,500 in cash compensation for their assistance with the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 27 placees. The company paid finder's fees to PI Financial Corp. and iA Private Wealth Inc.