Temas Resources Corp. announced a non-brokered private placement of up to 4,500,000 units at a issue price of CAD 0.10 per unit for the gross proceeds of CAD 450,000 on September 22, 2023. Each Unit shall be comprised 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 0.15 per Warrant Share for a period of two years from the Closing Date.

The closing of the Offering is subject to, among other things, the receipt of all necessary approvals from the CSE. Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the Offering will be subject to a four month hold period commencing on the Closing Date. The closing of the Offering is subject to, among other things, the receipt of all necessary approvals from the CSE.