Gabo Mining Ltd. announced a non-brokered private placement of up to 10,000,000 units at a purchase price of CAD 0.10 per unit for the gross proceeds of CAD 1,000,000 on February 27, 2024. Each unit consists of one common shares and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.15 for a period of 36 months.

The completion of the private placement is subject to the acceptance of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the Closing Date.