On March 18, 2024, Atco Mining Inc. closed the transaction. The company has issued 6,200,000 flowthrough units at a price of CAD 0.0575 per FT unit for gross proceeds of CAD 356,500 and 10,760,000 non flow-through units at a price of CAD 0.05 per NFT Unit for gross proceeds of CAD 538,000; for total gross proceeds of CAD 894,500. In connection with closing of the Offering, the company paid finder's fees totaling CAD 4,790 and issued 94,000 Warrants to certain arms-length brokerage firms. All securities issued in connection with the private placement are subject to a statutory hold period until July 19, 2024 under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The transaction included participation from new individual investor Etienne Moshevich for CAD 218,000 for 4,360,000 non flow-through units.