Tuktu Resources Ltd. announced a private placement of 41,666,667 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 2,500,000 on October 17, 2023. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.0975 for a period of 36 months from closing of the private placements.

The transaction was led by the agent for up to 25,000,000 units at the issue price (being a price of CAD 0.06 per Unit) for aggregate gross proceeds of up to CAD 1,500,000. The transaction is expected to close on November 30, 2023.