Gold Basin Resources Corporation announced a non-brokered private placement of 3,333,333 common shares at a price of CAD 0.15 per share for gross proceeds of CAD 499,999.95 on August 8, 2023. The company anticipates closing the financing later this month. The company may pay finder's fees to eligible finders equal to 6% in cash of the gross proceeds.

All shares issued in connection with the transaction will be subject to a hold period of four-months and one day in Canada. The transaction is subject to the receipt of all necessary approvals including acceptance for filing by the TSX Venture Exchange and any applicable securities regulatory authorities.