On July 21, 2023, Aranjin Resources Ltd. closed the transaction. The company has issued 53,782,668 units at a price of CAD 0.020 per unit for aggregate gross proceeds of CAD 1,075,653.360. In connection with the transaction, the company paid cash finder's fees of CAD 52,539. All the securities issued will be subject to a four-month hold period expiring November 21, 2023.

On July 28, 2023, the TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from 28 placees. Total existing insider involvement was for 10,000,000 units.