Melkior Resources Inc. announced a non-brokered flow-through and non-flow-through private placement for the gross proceeds of CAD 750,000 on June 6, 2023. The Private Placement will be Flow-Through Share issued at a price of CAD 0.24 per common share and non flow-through common shares issued at a price of CAD 0.20 per common share. The transaction is subject to approval of TSX Venture Exchange.

All securities issued under the Private Placement will have a hold period of four months and a day from closing. The Company does not intend to issue finders' fees on this financing. Two directors of the Company has committed for the financing of CAD 298,000.