CONQUEST RESOURCES AMENDS TERMS OF PRIVATE PLACEMENT FINANCINGS

Conquest Resources Limited has announced amendments to the terms of its previously disclosed non-brokered private placement financing. The revised structure now includes a hard-dollar component consisting of up to 6,000,000 common shares priced at $0.05 per share.

The amendment represents a modification to the company's capital raising strategy, introducing hard-dollar shares alongside what appears to be flow-through or other components from the original private placement structure. At the stated price point of $0.05 per share, the hard-dollar portion could raise up to $300,000 in gross proceeds, though the full terms and total size of the amended financing were not disclosed in the available excerpt.

This type of financing amendment is common in the junior resource sector, where companies often adjust their capital raising approach based on market conditions or investor feedback. The inclusion of hard-dollar shares provides the company with unrestricted capital that can be used for general corporate purposes, offering greater operational flexibility compared to flow-through financing which must be used for eligible exploration expenditures. The amendment suggests Conquest is actively managing its financing structure to optimize capital raising in the current market environment.