McLaren Resources Inc. announced a non-brokered private placement of 6,001,000 flow-through units at an issue price of CAD 0.07 per unit for proceeds of CAD 420,070 in its first tranche on September 29, 2022. The transaction included participation from returning investor Pavilion Flow-Through L.P., a fund managed by Accilent Capital Management Inc. Each unit consists of one common shares and one-half of one warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.10 for a period of 24 months from the date of issuance.

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