Angus Gold Inc. announced a brokered private placement to issue 3,125,000 flow-through units at a price of CAD 0.80 per unit for the gross proceeds of CAD 2,500,000 on June 6, 2024. Each FT unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price per warrant share of CAD 0.80 for a period of 24 months from the closing of the offering.

The FT units issued under the listed issuer financing exemption to Canadian subscribers will not be subject to a hold period in Canada. The offering is expected to close on or about June 21, 2024, and is subject to the company receiving all necessary regulatory approvals.