Getchell Gold Corp. announced a private placement for issuance of non-convertible debentures for minimum gross proceeds of CAD 2,500,000 and maximum gross proceeds of CAD 5,000,000 on November 27, 2023. The debentures will mature in three years and will bear interest at 11% per annum, non-compounding.

The company will also issue that number of non-transferable common share purchase warrants which is equal to the aggregate purchase price paid by the lender divided by 10 cents. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of three years from the closing. The company may, at any time after the date which is six months following the issuance date of the debentures, at the company's option, prepay in cash the then outstanding principal amount of the debentures and any accrued interest, in whole or in part.

The company may pay finder's fees in connection with the transaction.