Pambili Natural Resources Corporation announced private placement of credit facility for gross proceeds of CAD 50,000 on September 30, 2022. The company has since drawn down the full Facility against an unsecured Promissory Note which pays annual interest at a rate of 2% above Canadian prime. Together with accrued and unpaid interest, the Promissory Note is due for payment on Dec. 31, 2023. The company will issue the Lender with 1,000,000 Bonus Shares, being 20% of the Dollar amount of the Facility divided by today's market price of the Corporation's common shares (CAD 0.01). The Bonus Shares will be subject to a four-month-and-one-day hold period from the closing date, under applicable Canadian securities laws.

On October 7, 2022, the company announced that TSX-V has approved the application for a Loan Bonus.