On October 21, 2021, Aurania Resources Ltd. closed the transaction. The company amended the terms of the transaction and issued 1,256,037 units at a price of CAD 1.80 for gross proceeds of CAD 2,260,866.60. The transaction included participation from returning investor Bambazonke Holdings Ltd. for 222,222 units, Richard Spencer, the president and a director of the company, for 8,000 units and Carolyn Muir, vice-president of investor relations of the company, for 4,000 units and other investors. All the securities issued are subject to a statutory hold period of four months and a day from the date of issuance. Each warrant shall entitle the holder to purchase one Common Share at an exercise of CAD 2.20 at any time until October 21, 2026. The company is also pleased to announce that the TSX Venture Exchange has conditionally accepted for listing the 1,256,037 warrants underlying the Units issued pursuant to the transaction. The company has also agreed to pay to certain eligible finders a fee equal to 7% of the gross proceeds raised from subscriptions introduced to the company by such finders totaling in aggregate approximately CAD 16,604. The transaction remains subject to the final acceptance of the TSX-V.