GoldON Resources Ltd. announced a non-brokered private placement of 1,000,000 non-flow through units at the price of CAD 0.10 per unit for gross proceeds of up to CAD 100,000 on April 20, 2023. Each unit will consist of one common share and one non-transferable share purchase warrant that entitles the holder to purchase one additional common share of the company at CAD 0.20 per share for two years following the closing date of the offering. The company paid finders' fees totaling CAD 5,400 in cash and 54,000 finders' warrants.

Each finders' warrant entitles the holder to purchase one common share of the Company at CAD 0.20 for two years following the closing date. All securities issued pursuant to this transaction will have a hold period expiring August 21, 2023. The transaction included participation from three placees and one pro group.