Exploits Discovery raises $690,750 in final private placement tranche

Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) completed the final tranche of its non-brokered private placement, raising $690,750 through the issuance of 9,210,000 flow-through common shares at $0.075 per share.

The shares are subject to a four-month and one-day hold period expiring April 30, 2026, under Canadian securities laws. The financing requires final acceptance from the Canadian Securities Exchange.

The company will use proceeds for Canadian exploration expenses qualifying as flow-through mining expenditures on its Quebec and Ontario gold projects. These expenditures must be incurred by December 31, 2026, and will be renounced to shareholders with an effective date no later than December 31, 2025.

Exploits paid $37,170 in aggregate cash finder's fees but issued no finder's warrants. Directors and officers participated in the financing, with the company relying on applicable exemptions from minority approval and valuation requirements under MI 61-101.

The Toronto-based gold exploration company focuses on projects in Quebec and Ontario, reporting approximately 680,000 ounces of historical gold resources across its Fenton, Wilson, Benoist and Hawkins projects. The company also holds equity and royalty exposure to New Found Gold Corp. following the sale of its Newfoundland claims in 2025.

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