Magnum Goldcorp Inc. announced that it has received CAD 0.978 million in funding from Waterfront Capital Partners, LLC, Kennedy Hill Financial Group, Inc., Canadian Nexus Team Ventures Corp.

On October 7, 2021, Magnum Goldcorp Inc. closed the transaction. Certain insiders of the Company purchased an aggregate of 1,465,000 flow-through shares and 3,550,000 NFT Units under the private placements. With respect to these private placements, the company paid finders' fees of CAD 38,310 Canaccord Capital Corp.

and Echelon Capital Markets for CAD 7,700 in cash in the total amount of CAD 46,010. The transaction included participation from 45 placees including insiders including Douglas L. Mason, Chief Executive Officer and Director, for 665,000 units, David H. Evans, Chief Financial Officer and Director, for 600,000 units; Andrzej Kowalski, director, for 700,000, Waterfront Capital Partners Inc. for 2,000,000, Beachfront Enterprises GP Ltd. for 650,000 units; Kennedy Hill Financial Group Inc. for 400,000 units and Canadian Nexus Team Ventures Corp. for 2,000,000 units.