Provenance Gold Corp. announced a non-brokered private placement for up to 15,000,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 1,200,000 on May 2, 2024. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of CAD 0.12 per warrant share for a period of three years from the closing date of the placement.

The company anticipates the closing of the placement within the next two weeks. All securities issued in connection with the placement will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. The company may pay finders' fees to eligible third-parties who have introduced subscribers to the placement.