79 Resources Ltd. announced a non-brokered private placement of up to 2,000,000 common share units to be issued at a price of CAD 0.05 per unit for the gross proceeds of CAD 100,000 on April 16, 2024. Each unit shall consist of one common share of the company and one common share purchase warrant that entitles the holder of a warrant, upon further payment to the company, to acquire one additional common share of the company at an exercise price of CAD 0.05 per warrant share on any date prior to the date which is 60 months following the closing date of the financing, or tranche thereunder. The company may pay a 6% cash finder's fee on certain subscriptions under the financing, which excludes cash finder's fees on subscriptions by insiders who may in turn participate for greater than 25% of the financing.

If completed, either in part or in whole, the financing will be subject to all applicable regulatory approvals and customary four-month hold periods on securities issued thereunder. The company cautions that there is no assurance that it will be able to source funds and/or complete the financing, in part or in whole.