Savannah Minerals Corp. announced a non-brokered private placement of 26,100,000 units of the company at CAD 0.02 per unit for aggregate gross proceeds of CAD 522,000 on August 9, 2023. Each unit consists of one common share in the capital of the company and one common share purchase warrant.

Each warrant entitles the holder thereof to acquire one additional share at an exercise price of CAD 0.05 per warrant share until August 9, 2025. All securities issued in connection with the transaction are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on December 10, 2023. The company has received $7,445 from 1 investor pursuant to Regulation D.