Eagle Bay Resources Corp. announced a non-brokered private placement of up to 2,272,727 flow-through units at a price of CAD 0.11 per flow-through unit for the aggregate gross proceeds of up to CAD 250,000 on November 22, 2023. Each flow-through unit will consist of one flow-through common share and one common share purchase warrant.

Each flow-through warrant shall entitle the holder to purchase one non-flow-through common share at a price of CAD 0.13 per flow-through warrant share for a period of two years from closing of the offering. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and a day from the closing in accordance with securities laws. The closing remains subject to several conditions, including receipt of subscriptions and regulatory approval, if required.