Talmora Diamond Inc. announced a non-brokered private placement of up to 12,000,000 HD units at a price of CAD 0.025 per unit and up to 2,666,667 flow-through units at a price of CAD 0.03 per unit for the aggregate gross proceeds of CAD 380,000 on August 9, 2023. The company has reserved the right to increase the size of the offering by up to 25% of the size of the offering, such that the company may raise additional gross proceeds of up to CAD 95,000 in any combination of HD Units and FT Units, subject to the approval of the Canadian Securities Exchange. Each HD unit will be comprised of one common share and one common share purchase warrant.

Each FT unit will be comprised of one common share and one Warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.05 per warrant share for a period of 12 months following the closing date of the offering. The transaction is expected to close on or about August 31, 2023.

All securities issued in connection with the offering will be subject to a hold period of four months and one day from the closing date. In connection with the Offering, the company may pay finders? fees in cash or securities, or a combination of both.

The transaction is subject to the approval of all required regulatory authorities and including acceptance of the Exchange.