Azarga Metals Corp. announced a non-brokered private placement of up to 40,000,000 units at a price of CAD 0.015 per unit for gross proceeds of CAD 600,000 on August 29, 2022. Each unit will consist of one common share and one share purchase warrant.

Each warrant entitles the holder thereof to purchase one share of the company at a price of CAD 0.05 per share for a period of three years from the closing of the transaction. The finders fees will be payable with respect to the transaction, subject to the acceptance of the TSX Venture Exchange. The transaction is subject to approval of the TSX Venture Exchange.