Atco Mining Inc. announced a non-brokered private placement of up to 10 million units of the company at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1 million on August 9, 2023. Each unit comprises of one common share of the company and one share purchase warrant of the company, entitling the holder to acquire one additional share at an exercise price of CAD 0.15 for a period of 24 months. All securities issued will be subject to a statutory four month and one day hold period.

Closing of the transaction is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The company may pay finders' fees to eligible third parties in consideration for the introduction of subscribers in the transaction.