Tarachi Gold Corp. announced a non-brokered private placement of 10,000,000 units at issue price of CAD 0.05 for gross proceeds of CAD 500,000 on December 14, 2022. Each unit is comprised of one common share of the company and one-half of one common share purchase warrant.

Each Warrant will entitle the holder to purchase one common share of the company at an exercise price of CAD 0.10 for a period of 24 months following the closing date of the financing. The company may pay finder's fees up to 6% cash and up to 6% in finder's warrants to eligible finders. The closing of the Financing is subject to receipt of all necessary approvals, including that of the board and the Canadian Securities Exchange.

All securities issued in connection with the Financing will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.