Visible Gold Mines Inc. announced a private placement of 1,250,000 units at a price of CAD 0.12 per unit for gross proceeds of CAD 150,000 on March 31, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of CAD 0.17 for a period of 24 months from the closing date of the transaction.

The transaction will include participation from two investors including Martin Dallaire, the Chief Executive Officer of the company, who will subscribe for 50% of the private placement.