Inomin Mines Inc. announced a non-brokered private placement of non-flow-through units at a price of CAD 0.075 per unit and flow-through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 600,000 on May 2, 2023. Each non-flow-through unit will be comprised of one common share and one warrant with each Warrant entitling the holder thereof to purchase one common share of the Company for a period of two years from the date of issuance at an exercise price of CAD 0.13 per share. Each flow-through unit will be comprised of one common share and one warrant.

The Warrants for all units will be subject to the same terms, with each Warrant entitling the holder thereof to purchase one common share of the Company for a period of two years from the date of issuance at an exercise price of CAD 0.15 per share. The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance.

Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.