Alliance Mining Corp. announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.12 per unit for gross proceeds of CAD 480,000 on September 9, 2022. Each unit consists of one common share and a full share purchase warrant, which may be exercised for a period of 18 months at a price of CAD 0.165 per share.

The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of CAD 0.20 per share for a period of 10 consecutive days. 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.