Forty Pillars Mining Corp. announced a non-brokered private placement to issue 2,440,000 units to issue price of CAD 0.05 per Unit for the gross proceeds of CAD 122,000 on December 15, 2023. Each Unit will consist of one common share and one transferrable common share purchase warrant.

Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of CAD 0.06 per share for a period of five years following the closing of the Offering. All securities to be issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.