Mich Resources Ltd. announced a non-brokered private placement of flow-through shares at a price of CAD 0.125 and units at a price of CAD 0.10 for the total gross proceeds of CAD 1.15 million on August 14, 2023. Each unit is comprised of one common share of the Company and one half common share purchase warrant, each whole warrant entitles the holder to purchase one non-flow through common share of the company for a period of 36 months from closing of the offering at an exercise price of CAD 0.15 per warrant share. The securities offered pursuant to the offering will be subject to a statutory hold period of four months and a day from the date of issuance.

The transaction is expected to close on August 22, 2023.