American CuMo Mining Corporation announced a non-brokered private placement of up to 12,000,000 units at an issue price of CAD 0.050 per unit for gross proceeds up to CAD 600,000 on December 7, 2021. Each unit will be consisting of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.075 per share for a period of 5 years from the date of the issuance of the units, subject to an acceleration provision whereby the term of the warrants may be accelerated if the Company's common shares trade at or above a price of CAD 0.125 per share for a period of 10 consecutive trading days. In connection with the private placement and in accordance with TSXV policy, the Company may pay to certain eligible finders a finder's fee for units sold in the private placement. The private placement is subject to TSX Venture Exchange approval.