Trailbreaker Resources Ltd. announced a non-brokered private placement of up to 1,406,250 CMETC flow-through units at a price of CAD 0.64 per CMETC flow-through unit for gross proceeds of up to CAD 900,000; up to 2,593,750 flow-through units at a price of CAD 0.56 per flow-through unit for gross proceeds of up to CAD 1,452,500; for aggregate gross proceeds of CAD 2,352,500 on March 19, 2024. Each CMETC flow-through unit consisting of one flow-through common share and one half of one transferable nonflow-through common share purchase warrant. Each flow-through unit consisting of one flow-through share and one half of one warrant.

Each warrant will be exercisable to acquire one additional non-flow-through common share at a price of CAD 0.60 for 24 months following the date of issuance. The offering is expected to close on or about April 10, 2024 and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The offered securities will be subject to a hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws.