Fiddlehead Resources Corp. announced a private placement of 50,000,000 units at issue price of CAD0.20 per unit for minimum aggregate gross proceeds of CAD10,000,000 on May 29, 2024.The transaction included participation from management and directors, in conjuction with presidents list for aggregate minimum of CAD 4,000,000 . Each unit will consist of one common share and one common share purchase warrant.

Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.24 per warrant share at any time up to 60 months following the satisfaction or waiver of the escrow release conditions.