Shine Minerals Corp. announced a non brokered private placement to issue 8,928,571 units at an issue price CAD 0.056 for the gross proceeds of CAD 499,999.976 on June 5, 2023. Each unit consists of one common share and one common share purchase warrant.

Insiders participating in the placement shall receive one-half warrant as part of the units purchased. Each full warrant entitles the holder to purchase one common share of the company at a price of CAD 0.075 per share for a period of 12 months following the date of issuance. No finders' fees or commissions payable in connection with the offering.

The offering is subject to the final acceptance of the TSX Venture Exchange. The company shares issued upon closing will be subject to a statutory four-month hold period.