Norsemont Mining Inc. announced a non-brokered private placement of a one year, 6% unsecured convertible debentures on June 9, 2022. The Debentures are convertible into units of the Company at a price of CAD 1.00 per unit. Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at CAD 1.25 per share for a period of three years from the date of issuance. The Debentures are subject to a four month hold under Canadian securities laws expiring October 9, 2022.

On the same date, the company received CAD 100,000, in its first tranche.