Infinico Metals Corp. announced a non-brokered private placement of up to 8,000,000 hard dollar units at a price of CAD 0.075 per unit for the gross proceeds of CAD 600,000 and 8,275,862 flow-through units at a price of CAD 0.145 per unit for the gross proceeds of CAD 1,200,000 for the aggregate gross proceeds of CAD 1,800,000 on October 24, 2023. Each HD unit shall be composed of one common share and one-half of one Share purchase warrant , with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per warrant.

Each FT unit shall be composed of one common share that qualifies as a flow-through share and one-half of one warrant, with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per warrant. The transaction is expected to close on or about November 15, 2023. The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange, and all securities issued and issuable pursuant to the offering will have a hold period of four months and one day.