Gold Basin Resources Corporation announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,500,000 on January 12, 2024. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable at a price of CAD 0.15 for a period of 12 months from the date of issuance.

The company anticipates closing the financing in February 2024. The company may pay finder's fees to eligible finders equal to 6% cash and 6% broker warrants, each broker warrants exercisable at CAD 0.15 for a period of 12 months, on certain portions of the financing in accordance with the policies of the TSX Venture Exchange. All securities issued in connection with the financing will be subject to a hold period of four-months and one day in Canada.

The financing is subject to TSXV approval.