Arbor Metals Corp. announced a non-brokered private placement that it has issued 806,000 units of the company at a price of CAD 1.25 per unit for gross proceeds of CAD 1,007,500 and 263,158 flow-through common shares at a price of CAD 1.90 per FT share for gross proceeds of CAD 500,000 for aggregate gross proceeds of CAD 1,507,500 on November 3, 2023. Each unit consists of one common share of the company and one-half of one share purchase warrant.

Each warrant entitles the holder to purchase one share at a price of CAD 2 at any time on or before Nov. 3, 2024. The company paid a finder's fee to an arm's-length brokerage firm of CAD 82,500 and issued 57,789 non-transferable share purchase warrants.