Getchell Gold Corp. announced a non-brokered private placement of up to 12,500,000 units at an issue price of CAD 0.2 per unit for gross proceeds of CAD 2,500,000 on June 5, 2023. Each unit will consist of one common share and one-half of one warrant.

Each whole warrant will entitle the holder to acquire one additional common share at a price of CAD 0.35 per unit for a period of two years from the date of closing. In connection with the transaction, the company has agreed to pay finder's fees consisting of an aggregate of 8% in cash and 8% finder's warrants. Each finder's unit will be comprised of one common share and one half of one warrant.

Each finder's warrant and finder's unit warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.35 per share for a period of two years from the date of closing. The securities issued in connection with the transaction is subject to a statutory four month hold period.