On February 13, 2024, Bathurst Metals Corp. closed the transaction. The company amended the terms of the transaction and issued an aggregate of 4,025,000 flow-through units and 1,150,000 non flow-through units for gross proceeds of CAD 494,500 in its final tranche.

The company paid cash finders fees of CAD 26,915 on a portion of the offering and issued a total of 267,700 finders warrants, exercisable for CAD 0.10 to acquire one common share for a period of one year. All securities issued in the private placement are subject to a four month hold period. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.

The transaction included participation from 29 placees, 3 groups with aggregate pro group involvement of 200,000 flow through shares and 100,000 non flow through shares.