Nuinsco Resources Limited announced a non-brokered private placement of up to 17,887,500 units at a price of CAD 0.0064 per unit for the aggregate gross proceeds of CAD 114,480 on August 31, 2023. The funding was raised in two tranches. Each unit consisted of one common share of the company and one-half of one warrant.

Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 36 months from the issue date.