Share placement to raise $1.9 million

Marvel Gold Limited has announced a successful share placement to raise $1.9 million. The placement involves issuing 158,333,333 million shares to professional and sophisticated investors at a price of $0.012 per share. The funds raised will be used to undertake project generation work outside of Mali, as well as to support general working capital needs. The company aims to deliver new exploration opportunities and rationalize its Mali interests. The placement price represents a discount to the last traded price and the volume weighted average price of Marvel shares. The placement is expected to be settled on May 12, 2023.