Freehill Mining Limited announced that it has entered into an Convertible Securities Agreement with Obsidian Global GP, LLC for a private placement of 270,520 Convertible Notes at a price of AUD 1.478634 per note for gross proceeds of AUD 400,000 on November 16, 2022. The notes are convertible into 90,000,000 shares to be issued on one or more conversions of the Convertible Securities without shareholder approval and will mature on November 16, 2023. The company will also pay the investor a facility fee of AUD 12,000 payable in shares at AUD 0.01 per share.