ew Break Resources Ltd announced a non-brokered private placement to issue 1,500,000 flow-through units at an issue price of CAD 0.11 per unit for the gross proceeds of CAD 165,000 on July 12, 2024. Each FT unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional non-flow-through common share at an issue price of CAD 0.25 until July 18, 2029. All securities issued pursuant to this private placement are subject to a statutory hold period of four months and one day expiring four months and one day from closing, in accordance with applicable Canadian securities laws.

The completion of the financing is subject to certain conditions, including, but not limited to, the receipt of all required regulatory approvals including final approval of the CSE. All of the securities are being acquired by John Ross and Patricia Quigley, collectively a greater-than 10% securityholder. No finders' fees will be paid in connection with the closing of the offering.