Pedro Resources Ltd. announced a non brokered private placement to issue 12,000,000 shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 600,000 on December 5, 2023. Eligible persons may receive commissions in the form of cash equal to up to 7% of the gross proceeds raised by such finders. All securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue.

Closing of the offering is subject to all customary regulatory and board approvals of the company.