South Pacific Metals Corp. announced a non-brokered private placement of 7,500,000 common shares at a price of CAD 0.20 per unit for the gross proceeds of CAD 1,500,000 on February 23, 2024. The Shares issued under the offering will be subject to a four month hold period.

The company may pay finders a fee in cash and/or warrants under the offering. The offering is subject to the acceptance of the TSX Venture Exchange