Palamina Corp. announced a non-brokered private placement offering of up to 6,000,000 units at a purchase price of CAD 0.125 for the gross proceeds of CAD 750,000 on May 15, 2023. Each unit consists of one common share and one warrant.

Each whole warrant is exercisable to acquire one common share at a price of CAD 0.25 for a period of 24 months from the closing date. The offering is subject to TSX Venture Exchange acceptance of regulatory filings. The company may pay finder's fees to eligible persons in accordance with applicable securities laws and regulatory policies.