Temas Resources Corp. announced a private placement to issue 40,000,000 Units at a price of CAD 0.105 per Unit for gross proceeds of approximately CAD 4,200,000 on August 8, 2023. Each Unit will be comprised of one common share and one common share purchase warrant.

Each Warrant entitles the subscriber to purchase one additional common share of the Company at a price of CAD 0.20 per Warrant Share for a period of two years from closing. The Warrants shall include an acceleration clause which will provide that, in the event that the closing price of the subscriber?s common shares on the CSE, or such other relevant exchange, is equal to or greater than CAD 0.40 per share for a period of ten consecutive trading days. The CSE requires shareholder's approval.