Halcones Precious Metals Corp. 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 21, 2023. Each unit will be comprised of one common share in the capital of the company and one-half of one common share purchase warrant.

Each Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD 0.10 per common share for a period of 36 months following the completion of the offering. Securities issued under the offering are expected to carry a holder period of 4 months and one day from the date of issue as may be required under applicable securities laws. The offering is scheduled to close on or about July 6, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV.