On January 18, 2024, Auscan Resources Inc. closed the transaction. The company issued 640,000 units at an issue price of CAD 0.13 per Unit for gross proceeds of up to CAD 83,200. Each Unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional share for a period of two years at a price of CAD 0.17. Each whole warrant entitling the holder to purchase an additional share for a period of 12 months at a price of CAD 0.17. All shares and warrants issued are subject to a four-month hold period from the date of closing. Insiders participated in this financing. All shares and warrants issued are subject to a four-month hold period from the date of closing. The warrants have restrictions which will prohibit exercise in certain circumstances.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including existing insider involvement of 3 insiders for 290,000.