Major Precious Metals Corp. announced that it has entered into convertible security funding agreement with new investor L1 Capital Global Opportunities Master Fund, Ltd., a fund managed by L1 Capital Pty. Limited for proceeds of up to CAD 6,000,000 on October 29, 2021. Each debenture will have an 18-month term from the date of issuance, the face value of each debenture to be paid in 14 equal monthly instalments starting after the four-month anniversary of the date of issuance. The company will receive net proceeds of CAD 5,400,000. On the same day, the company has received CAD 3,150,000 in its first tranche closing. The company announced that it will receive up to CAD 2,500,000 in its second tranche closing within 180 days of receiving first tranche closing. The company has also agreed to issue 6,034,482 common share purchase warrants exercisable for Shares for a period of 60 months at an exercise price of CAD 0.325. The company has agreed to pay 3% financing fee of face value of each convertible debenture under the first tranche and second tranche respectively upon closing of each such tranche. Pursuant to first tranche, the company has issued an aggregate of 362,069 fee shares. The securities issued will be subject to hold period of four months and a day after issuance.