Alliance Mining Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 120,000 on December 9, 2022. Each unit consists of one common share and a full share purchase warrant, which may be exercised for a period of 60 months at a price of CAD 0.12 per share.

The company may pay finder's fee in the transaction. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of finders' fees are both subject to approval by the TSX Venture Exchange.