Defense Metals Corp. is pleased to announce that, further to its news releases on January 17, 2024, it has closed its non-brokered private placement financing of 2,841,678 common shares of the Company at a price of C$0.26 per share, for aggregate gross proceeds of C$738,836.28 . McLeod Lake Indian Band and RCF Opportunities Fund II L.P., following exercise of its participation right, subscribed for 2,557,795 Common Shares and 283,883 Common Shares, respectively, under the Private Placement. The Common Shares issued to McLeod Lake are subject to a two-year voluntary hold period from the date of issuance. All Common Shares issued under the Private Placement are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. ...