Abitibi Metals Corp. announced a non-brokered private placement of 5,000,000 charity flow-through units at a price of CAD 0.7 per share for the gross proceeds of CAD 3,500,000 and 833,333 flow through shares at a price of CAD 0.6 for the gross proceeds of CAD 500,000 for the total gross proceeds of CAD 4,000,000 on December 19, 2023. Finder?s fees in cash or securities may be paid on gross proceeds of the financing, as permitted by securities laws.

The securities issued in connection with the offering are subject to the company?s filing requirements with the Canadian Securities Exchange, and all securities will be subject to a four-month statutory hold period after closing. The transaction is expected to close on December 29, 2023.