On March 22, 2024, Turmalina Metals Corp. closed the transaction. The company issued 21,000,000 units of the Company at an issue price of CAD 0.10 per unit for gross proceeds of CAD 2,100,000. 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 date of issuance. The company paid finder's fees of CAD 102,865 and aggregate of 1,028,650 non transferable Common Share purchase warrants. Each Finder?s Warrant is exercisable into a Common Share at a price of CAD 0.15 per Finder?s Warrant Share for a period of 24 months from the date of issuance. The transaction will include participation two directors for 1,250,000 Units for gross proceeds of CAD 125,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 64 placees, 4 existing insiders for 1,250,000 units and 8 pro groups for 3,700,000 units. The finders' warrants are exercisable at CAD 0.15 per finder's share until March 22, 2026.