Conquest Resources Announces Non-Brokered Private Placement Financing

Core Viewpoint - Conquest Resources Limited plans to conduct a non-brokered private placement financing to raise up to $450,000 through the issuance of charity flow-through common shares [1][2]. Financing Details - The financing will consist of up to 6,000,000 flow-through shares priced at $0.075 each, aiming for gross proceeds of $450,000 [2]. - Proceeds from the financing will be allocated to eligible Canadian exploration expenses related to the Belfast-Teck Mag Project in Ontario [3]. Regulatory and Compliance Information - The financing is subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange [4]. - The flow-through shares will have a hold period of four months and one day from the closing date [4]. Company Overview - Conquest Resources Limited, established in 1945, focuses on mineral exploration for base metals and gold in Ontario [7]. - The company holds a 100% interest in the Belfast-Teck Mag Project, which is considered to have significant exploration potential for various mineral deposits [7][8]. - Conquest controls over 300 square kilometers in the Temagami Mining Camp, including the past-producing Golden Rose Mine [9].