Montego Resources Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds up to CAD 1,000,000 on January 24, 2023. Each unit comprises both a common share and a common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company exercisable at a price of CAD 0.05 per warrant and have an expiry of 36 months from the date of issuance.