Astra Exploration Inc. announced a non-brokered private placement to issue up to 9,090,910 units at an issue price of CAD 0.11 per unit for gross proceeds of up to CAD 1,000,000 on February 14, 2023. Each unit consisting of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for CAD 0.15 for a period of two years from closing the offering.

The transaction will include participation from returning individual investors Michael Gentile, and Peter Marrone. And the Peter Marrone to significantly increase ownership in the company. There are no commissions or finder's fees payable in the transaction.

The company management expects the financing will close on or before February 28, 2023.