Sanu Gold Corp. announced a non-brokered private placement of up to 69,000,000 common shares at a price of CAD 0.05 per share for aggregate gross proceeds of up to CAD 3,450,000 on September 21, 2023. The company may pay finder's fees in connection with the placement, as permitted by applicable securities laws and the rules of the Canadian Securities Exchange.

The finder's fees will consist of a commission equal to 6% of proceeds raised, payable in cash or through the issuance of common Shares at a deemed price of CAD 0.05 per common share. The transaction may include participation from certain directors or officers of the company to acquire securities. The transaction is subject to regulatory approval and all securities issued pursuant to the transaction are subject to a four month hold period under applicable Canadian securities laws.

The transaction is subject to the company?s filing requirements with the CSE and the company anticipates closing of the transaction as soon as practicable subject to receipt of all necessary regulatory approvals.