Fidelity Minerals Corp. (TSXV:FMN) announced a private placement of up to 4,800,000 units at a price of CAD 0.125 per unit for gross proceeds of up to CAD 600,000 on March 22, 2021. Each unit will consist of one common share and a whole warrant.

Each warrant will entitle the holder to purchase a common share at a price of CAD 0.15 per share, for a period of two years after the closing date. Red Cloud Securities Inc. will be acting as finder for the transaction. The transaction is scheduled to close on or about April 6, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The common shares to be issued under the transaction will have a hold period of four months and one day from the closing.