VERTICAL CLOSES FINANCING – DECEMBER 13th, 2023

Vertical Exploration Inc. has successfully completed a private placement financing, raising gross proceeds of $473,000. The financing consisted of 9,460,000 units priced at $0.05 per unit, representing a straightforward equity raise for the exploration company.

The completion of this financing follows closely on the heels of the company's initial announcement on December 11, 2023, indicating a rapid execution of the placement. While the specific terms of each unit are not detailed in the available information, private placements of this nature typically include common shares and warrant components.

For a junior exploration company like Vertical, securing nearly half a million dollars in financing provides essential working capital for ongoing exploration activities and general corporate purposes. The $0.05 per unit pricing reflects current market conditions for junior mining companies on the TSX Venture Exchange.

The successful closure of this financing demonstrates investor confidence in Vertical's exploration strategy and provides the company with the financial resources needed to advance its projects. This type of private placement financing is common among junior exploration companies as they seek to fund their exploration programs while minimizing dilution to existing shareholders.