GSP Resource Corp. announced a non-brokered private placement of up to 3,000,000 units at the price of CAD 0.12 per unit for gross proceeds of up to CAD 360,000 on April 20, 2023. Each unit will consist of one common share and one common share purchase warrant.

Each Warrant entitles the holder to purchase one common share of the Company at a price of CAD 0.20 per share for a period of 36 months following the date of issuance. The company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange and applicable securities laws. All securities issued pursuant to the transaction will be subject to a four-month hold period.

The transaction is subject to approval by the TSX Venture Exchange.