Golden Horse Minerals Limited announced a non-brokered private placement of up to 18,461,538 common shares in the capital of the company at a price of CAD 0.0975 per share for the gross proceeds of CAD 1,799,999.955 on December 20, 2023. The securities issuable pursuant to the offering will be subject to a statutory hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws. The company may pay a finder's fee in respect of those purchasers under the offering introduced to the company by certain persons.

Each finder will receive a cash payment equal to 5% of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder. The company anticipates closing the offering prior to the end of 2023, subject to the approval of the TSX Venture Exchange, receipt of any other required regulatory approvals and satisfactions of other customary closing conditions. It is expected that certain directors and officers of the corporation may participate in the offering.