Ubique Minerals Limited announced a non-brokered private placement of up to 15,000,000 units of the company at a price of CAD 0.08 per unit for gross proceeds of up to CAD 1.2 million on August 21, 2023. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, with each common share purchase warrant granting the holder the right to purchase one additional common share of the company at a price of CAD 0.15 per share for a period of 24 months from the closing date of the transaction. The transaction may be closed in tranches.

Insiders of the company may participate in the transaction. The unit shares and warrants issued to purchasers shall be subject to applicable resale restrictions.