SRQ Resources Inc. announced a non-brokered private placement of 406,250 hard dollar common shares at a price of CAD 0.16 per share for the gross proceeds of CAD 65,000 and 5,609,160 flow-through shares at a price of CAD 0.19 per share for the gross proceeds of CAD 1,065,740.4 for the total gross proceeds of CAD 1,130,740.4 on December 22, 2023. As a part of the transaction, the company paid cash finders? fees in the aggregate CAD 37,453 and issued 197,120 warrants to purchase common shares exercisable at CAD 0.16 for a period of 24 months in connection with the closing of the offering. All securities issued under the offering are subject to a hold period expiring four months and one day from the date hereof. The offering remains subject to certain conditions including, but not limited to, the receipt of the final approval of the TSX Venture Exchange. The transaction included participation from certain insiders for CAD 135,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 5 placees.