St. James Gold Corp. announced a non-brokered private placement of 4,150,000 units at the price of CAD 0.12 per unit for gross proceeds of CAD 498,000 on May 18, 2023.

Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at CAD 0.17 per share for a period of one year from the date of issue. All securities issued in connection with the transaction will be subject to a four-month statutory hold period. Completion of the transaction remains subject to the approval of the TSX Venture Exchange.