Gold: US$1,841.74 US$2.91
CAD$2,306.15 CAD$7.25

IPO Financing - $0.25 Units

In connection with plans to go public in early 2022, New Break Resources Ltd. (“New Break” or the “Company”) intends to complete a non-brokered private placement offering of up to 4,000,000 units (“Units”) at a price of $0.25 per Unit, for gross proceeds of up to $1,000,000, with an over-allotment option of up to an additional $1,000,000.

Each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (each whole warrant a “Warrant”), with each Warrant entitling the holder thereof, to purchase one additional Common Share of the Company at a price of $0.35 for a period of twenty-four (24) months following a Liquidity Event, defined as the completion of an event which results in the Common Shares of the Company freely tradable on a recognized public stock exchange.  The Warrants are subject to an acceleration clause in the event the Common Shares become listed for trading on a stock exchange in Canada and the volume-weighted average trading price equals or exceeds $0.50 for a period of ten (10) consecutive trading days.

The proceeds from this Offering will be used for the following purposes:

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