ST. JAMES GOLD CORP. announced a non-brokered private placement of up to 431,035 units at a price of CAD 1.16 per unit for gross proceeds of up to CAD 500,000.6 on January 7, 2022.

Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 1.45 per share for a period of two years from the date of closing. The transaction is subject to approval from regulatory and TSX Venture Exchange.

The securities are being subject to four months hold period.