Talmora Diamond Inc. announced a non-brokered private placement of up to 5,000,000 HD units at a price of CAD 0.05 per HD unit for gross proceeds of CAD 250,000; and up to 3,000,000 flow-through units at a price of CAD 0.05 per flow-through unit for gross proceeds of CAD 150,000; for aggregate gross proceeds of up to CAD 400,000 on July 16, 2024. Each HD Unit will be comprised of one non-flow-through common share and one common share purchase warrant. Each flow-through unit will be comprised of one flow-through common share and one warrant.

Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.06 per warrant share for a period of twelve months following the closing date of the offering. The transaction will include participation from certain directors and officers of the company. The company has reserved the right to increase the size of the offering by up to 25% of the size of the offering, such that the company may raise additional gross proceeds of up to CAD 100,000 in any combination of HD Units and flow-through units, subject to the approval of the Canadian Securities Exchange.

It is expected that the closing of the offering will close on or about August 16, 2024, or such other date or dates that the company may determine, subject to the receipt of all required regulatory approval, including acceptance of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws. In connection with the offering, the company may pay finders?

fees in cash or securities, or a combination of both, as permitted by the policies of the exchange.