Goldstorm Metals Corp. announced a non-brokered private placement of non flow-through units at a price of CAD 0.18 per non flow-through unit and flow-through units at a price of CAD 0.20 per flow-through unit for the gross proceeds of CAD 1,500,000 on November 28, 2023. Each non flow-through unit will consist of one non flow-through common share of the company and one half of one common share purchase warrant.

Each flow-through unit will consist of one flow-through common share of the company and one half of one warrant. Each warrant will entitle the holder to purchase one non flow-through common share of the company at a price of CAD 0.35 at any time on or before that date which is 24 months after the closing date of the offering. In connection with the offering, the company may pay certain finders a fee comprised of cash, finder's warrants, or both, based on the proceeds raised from the sale of securities to purchasers introduced to the company by such finders.

All securities to be issued pursuant to the offering will be subject to a statutory four month hold period. The offering is subject to regulatory approval, including the approval of the TSXV.