Great Quest Fertilizer Ltd. announced a non-brokered private placement of up to 40,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,000,000 on June 27, 2024. Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share in the capital of the company at a price of CAD 0.10 per warrant share for a period of two years following the closing date.

All of the securities issued pursuant to the Private Placement will be subject to a four month and one day hold period from the date of issue. The Private Placement is subject to the approval of the TSX Venture Exchange. In connection with the Private Placement, the company may pay finder?s fees in accordance with the rules and policies of the TSXV.

The company expects to close the Private Placement on or about July 12, 2024.