Madoro Metals Corp. announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 300,000 on April 26, 2024. Each unit purchased will include one common share and one-half of one transferable common share purchase warrant.

Each whole warrant will entitle the holder to purchase one additional common share for a period of two years at a price of CAD 0.05 per common share. The company may pay finder?s fees in accordance with the policies of the TSX Venture Exchange. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.