Bayridge Resources Corp. announced a non-brokered private placement of up to 12,000,000 hard dollar units at a price of CAD 0.25 per hard dollar unit, for gross proceeds of up to CAD 3,000,000, and up to 10,000,000 flow through units at CAD 0.30 per flow through unit, for gross proceeds of up to CAD 3,000,000 for the total gross proceeds of CAD 6,000,000 on March 7, 2024. Each hard dollar unit will be consisted of one common share and one half of one more common share purchase warrant at a price of CAD 0.35 for a period of 24 months from the date of the closing and each flow through unit will be consisted of one common share and one half of one more common share purchase warrant.

The company may increase the size of the private placement and issue up to 16,800,000 hard dollar units, for gross proceeds of up to CAD 4,200,000, and up to 12,000,000 flow through units, for gross proceeds of up to CAD 3,600,000. The private placement is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the CSE.