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Salazar Resources Announces Initial Closing of Private Placement

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Salazar Resources Limited (SRL.V) has completed a first closing of its private placement and issued 4,545,455 units of the company to Urion Mining International BV, a wholly-owned subsidiary of Trafigura Beheer B.V., a privately held international commodity trading and logistics company, at a price of $0.22 per unit to raise total gross proceeds of $1 million.

Each unit consists of one common share of the company and one-half of a share purchase warrant. Each full Warrant entitles the holder to purchase an additional common share of the company for a period of 18 months at a price of $0.35 per common share.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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