Jameson Resources Limited announced a private placement of 40,800,000 shares at AUD 0.07 per share for gross proceeds of AUD 2,856,000 on November 24, 2021. The transaction will include participation from existing sophisticated, professional and institutional investors. The transaction will be completed in two tranches. The company will issue 39,300,000 shares for the proceeds of AUD 2,750,000 under the Company's existing placement capacity under ASX Listing Rule 7.1. Tranche 1 New Shares are expected to be issued on December 9, 2021. The company will issue 1,500,000 shares for the proceeds of AUD 105,000 to Directors Nicole Hollows and Michael Gray. The transaction is subject to shareholder approval for the issue of the Tranche 2 New Shares at the Company's Annual General Meeting to be held on Friday, 14 January 2022 and if approved, they will be settled and issued shortly thereafter.