Turmalina Metals Corp. announced a non brokered private placement to issue 15,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,500,000 on March 4, 2024. Each unit will comprise one common share and one share purchase warrant.

Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.15 per share for a period of 24 months from the closing date of the offering. The securities under the offering will be subject to restrictions on resale expiring four months and one day after issue. The company may pay registered finders a fee in cash and/or share purchase warrants.