BRS Resources Ltd. announced a non-brokered private placement of up to 7,166,666 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,075,000 on January 9, 2024. Each unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.15 per common share for a period of three years following the closing of the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the respective tranche of the Offering.

On the same date, the company has issued 2,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 300,000 in its first tranche closing. The company paid CAD 21,000 and issued 140,000 finder?s warrants to one finder in connection with the first tranche. The finder?s warrants have the same terms and conditions as the Warrants.