Archer Exploration Corp. is pleased to announce that, further to its news releases dated October 23rd and November 15th, 2023, it has closed its non-brokered private placement for gross proceeds of $2,038,030. Pursuant to the Offering, the Company issued: 10,602,400 non flow-through units at a price of $0.08 per NFT Unit, 5,998,200 flow-through units at a price of $0.09 per FT Unit, and 6,500,000 Quebec flow-through units at a price of $0.10 per QFT Unit. Each NFT Unit is comprised of one common share in the capital of the Company and one non-transferable Common Share purchase warrant . Each FT Unit and QFT Unit is comprised of one Common Share that qualifies as a "flow-through share" within the meaning of subsection 66 of the Income Tax Act and one Warrant. The Warrants comp...