Pegmatite One Lithium and Gold Corp announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.05 per unit, for gross proceeds of CAD 500,000 on June 28, 2023. Each unit will consist of one common share of the company and one half of common share purchase warrant exercisable to acquire one common share at a price of CAD 0.1 for a period of 12 months following issuance. All of the securities issued in connection with the offering are subject to a hold period of four months plus one day from the date of closing pursuant to applicable securities laws.