Beauce Gold Fields Inc announced non-brokered private placement of a minimum of 2,000,000 units and a maximum of 10,000,000 units of the company at CAD 0.04 per unit for a minimum gross proceeds of CAD 80,000 and a maximum gross proceed of CAD 400,000 on April 29, 2024. Each unit is comprised of one common share and one common share purchase warrant of the Company. Each warrant will allow to the holder thereof to purchase one common share of the company's share capital at an exercise price of CAD 0.08 for a period of 24 months following the closing date of the placement.

Each share issued under the placement will have a mandatory holding period of four months and one day from the closing date of the placement. The placement may be closed no later than May 27, 2024 in one or more tranches upon receipt of subscriptions. The transaction subject to the receipt of all applicable regulatory approvals.

The transaction will include participation from existing shareholders and accredited investors.