Reverend Mining Corp. announced a non-brokered private placement of up to 980,000 units at a price of CAD 0.055 per unit for the gross proceeds of CAD 53,900 on January 3, 2024. Each Unit consists of one flow-through common share and one common share purchase warrant, entitling the holder to acquire an additional non-flow-through common share at a price of CAD 0.15 until December 29, 2025.

No finders? fees or commissions were paid in connection with completion of the placement. The placement included a subscription from Jerry Minni in the amount of 450,000 units.

The units acquired by Minni include 450,000 shares represent approximately 6.68% of the issued and outstanding common shares of the company following completion of the placement. The units issued in connection with the placement are subject to restrictions on resale until April 30, 2024 in accordance with applicable securities laws.