CONQUEST RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Conquest Resources Limited has announced its intention to conduct a non-brokered private placement financing targeting gross proceeds of up to $450,000. The financing structure involves charity flow-through common shares, with up to 6,000,000 shares being offered through an arrangement with Peartree Securities Inc.

This financing represents a relatively modest capital raise for the TSX Venture Exchange-listed company, utilizing the flow-through share mechanism which provides tax benefits to investors while directing funds toward eligible exploration activities. The involvement of charity flow-through shares suggests the company is positioning the offering to appeal to investors seeking both tax advantages and charitable deduction benefits.

The choice of a non-brokered structure indicates Conquest is likely working with existing relationships or targeting specific investor groups, potentially reducing financing costs compared to a brokered deal. For junior resource companies, such financing arrangements are typical for funding ongoing exploration programs or maintaining operational readiness during market cycles.

While the announcement lacks specific details about intended use of proceeds or timing, this type of financing is generally viewed as a standard capital market activity for junior mining companies maintaining their exploration and development activities. The success of the placement will depend on current market conditions and investor appetite for the company's projects and growth strategy.