Goldflare Exploration Inc announced a private placement offering of minimum of 3,333,333 units at an issue price of CAD 0.015 per unit for the gross proceeds of CAD 49,999.995 and maximum of 6,666,666 units at an issue price of CAD 0.015 per unit for the gross proceeds of CAD 99,999.99 and second private placement offering consists of minimum of 2,500,000 units at an issue price of CAD 0.02 for the gross proceeds of CAD 50,000 and maximum of 5,000,000 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 100,000, for aggregate total gross proceeds of minimum of CAD 99,999.995 and maximum of CAD 199,999.99 on June 27, 2024. Each unit consists of one common share and one common share purchase warrant at a price of CAD 0.05 per share, for a period of 36 months following the closing of the placement and second private placement offering of one flow-through unit consists of 1 flow-through common share and 1 common share purchase warrant the holder to acquire one common share at a price of CAD 0.05 per share, for a period of 12 months following the closing of the Placement. Closing for both placements are expected by July 12th, 2024.

These private placements are subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange. The securities to be issued as part of the placements will be subject to a minimum holding period of four months plus one day following the closing date.