Prospector Metals Corp. announces private placement of 13,636,364 at an issue price of CAD 0.11 per unit for gross proceeds of CAD 1,500,000 on January 3, 2024. Each Unit will be comprised of one post-Consolidation common share and one half of one common share purchase warrant.

Each Warrant will be exercisable at a price of CAD 0.30 into one post-Consolidated common share for a period of two years from the date of issuance. The Private Placement Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange. The securities issued under the Private Placement Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Private Placement Offering.