Electrum Discovery Corp. Opens a Non-brokered Private Placement of up to C$1.4 million

Core Viewpoint - Electrum Discovery Corp. has initiated a non-brokered private placement to raise up to approximately $1.4 million through the issuance of 20,000,000 units at a price of $0.07 per unit [1][3]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.15 for 24 months post-placement [2]. - The net proceeds from the offering will be allocated for exploration and development of mineral projects in Serbia, as well as for working capital and general corporate purposes [3]. - Certain insiders may participate in the private placement, and a finder's fee may be paid to registrants assisting in the placement [4]. Group 2: Regulatory and Compliance Information - The completion of the private placement is contingent upon receiving all necessary regulatory approvals, including from the TSX Venture Exchange [4]. - The securities issued will be subject to a four-month plus one day hold period under applicable Canadian securities laws [5]. Group 3: Company Overview - Electrum Discovery Corp. is a Canadian growth-oriented company focused on enhancing shareholder value through its two projects: gold-silver Novo Tlamino and copper-gold Timok East, located in Serbia's Western Tethyan Belt [6]. - The company aims to maximize the value of its mineral projects for stakeholders, including shareholders and the local community, while promoting sustainability and governance [7].