Usha Resources Ltd. announced a non-brokered private placement of 1,000,000 flow-through shares at a price of CAD 0.10 per flow-through share for gross proceeds of CAD 100,000 on December 28, 2023. The company paid no finder?s fees in connection with the private placement. The transaction included participation from a single shareholder. All securities issued are subject to the exchange hold period and a four-month and one day hold period pursuant to securities laws in Canada expiring on April 29, 2024. The transaction is subject to the final approval of the TSX Venture Exchange.

On December 29, 2023, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.