Majuba Hill Copper Corp. announced a non-brokered private placement of up to 10,000,000 units at the price of CAD 0.15 per unit for gross proceeds of up to CAD 1,500,000 on April 24, 2023. Each unit comprising one common share and one common share purchase warrant, whereby each warrant shall be convertible into an additional share at an exercise price of CAD 0.40 for a period of 12 months from the date of issuance.

The company will have the right to seek an accelerated exercise of the warrants if the price of the shares trades in excess of CAD 0.60 for five consecutive trading days. All securities to be issued will be subject to a four-month hold period from the date of issuance.