Canada One Mining Corp. announced a non-brokered private placement of up to 18,000,000 units at a price of CAD 0.10 per unit, for gross proceeds of up to CAD 1,800,000 on August 17, 2023. Each unit will consist of one common share of the company and one-half of one common share purchase warrant.

Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.15 for a period of thirty six months from the closing date of the transaction, subject to accelerated expiry in the event the closing price of the common shares on the TSX Venture Exchange is CAD 0.25 or greater for a period of five consecutive trading days. The securities offered will be subject to a hold period of four-months and one day following issuance in accordance with applicable Canadian securities laws. The Company may pay finder's fees to eligible parties who have assisted in introducing subscribers to the transaction.

Closing of the transaction remains subject to the approval of the TSX Venture Exchange.