Eagle Bay Resources Corp. announced a non-brokered private placement of up to 7,500,000 units at a price of CAD 0.10 per unit for aggregate gross proceeds of up to CAD 750,000 on February 28, 2024. Each unit will consist of one common share of the company and one common share purchase warrant with each warrant entitling the holder to purchase one share at a price of CAD 0.15 per share for a period of two years from closing of the Offering.

All securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the closing in accordance with securities laws. The closing remains subject to several conditions including receipt of subscriptions and regulatory approval, if required.