Eagle Bay Resources Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.075 per unit for the aggregate gross proceeds of up to CAD 750,000 on October 24, 2023. Each unit will consist of one common share of the company and one common share purchase warrant with each warrant entitling the holder to purchase one share at a price of CAD 0.10 per share for a period of 2 years from closing of the offering.

All securities issued pursuant to the offering will be subject to a hold period of four months and a day from the closing in accordance with securities laws.