Sokoman Minerals Corp. announced a non-brokered private placement of 46,153,846 common shares at a price of CAD 0.065 per share for the gross proceeds of CAD 3,000,000 on November 21, 2023. Each unit will consist of one common share and and one half of one common share purchase warrant.

Each full warrant being exercisable for one additional common share of the company, each of which will not qualify as a flow-through share, at an exercise price of CAD 0.13 for 12 months from the date of issue. All securities issued pursuant to the private placement will be subject to a four-month and one day hold period. The private placement is subject to approval by the TSX Venture Exchange.

The private placement is expected to close on or before November 30, 2023.