On April 10, 2024, Omega Pacific Resources Inc closed the transaction. The company issued 6,184,000 common shares at a price of CAD 0.5 per Common Share for gross proceeds of CAD 3,092,000. All securities issued pursuant to the Private Placement are subject to a statutory hold period in accordance with the applicable Canadian securities laws, expiring on August 9, 2024.

In connection with the Private Placement, finder's fees were paid to Haywood Securities Inc., Canaccord Genuity Corp., Echelon Wealth Partners Inc., Research Capital Corporation and PI Financial Corp. for a total of CAD 83,960 in cash and 167,720 Common Share purchase warrants. Each Finder?s Warrant entitles the holder to purchase one Common Share at CAD 0.50 for 12 months.