ISM Resources Corp. announced a non-brokered private placement of 5,714,285 units at CAD 0.35 per unit for aggregate gross proceeds of approximately CAD 2 million on August 14, 2023. Each unit consists of one flow-through 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 0.70 per warrant share until August 14, 2025. The securities issued are subject to a four-month hold period ending on December 15, 2023 under applicable Canadian securities laws. In connection with the closing of the transaction, the company paid an aggregate cash commission of approximately CAD 60,588 to arm?s length finders and issued 173,109 finder?s warrants.