On March 7, 2024, Cross River Ventures Corp. closed the transaction. The company issued 55,400,000 units at an issue price of CAD 0.005 per unit for the gross proceeds of CAD 277,000.

Each Unit consists of one common share and one half of one Share purchase warrant with each whole Warrant entitling the holder to purchase one Share of the Company at a price of CAD 0.05 per Share until March 7, 2026. Closing of the Private Placement is subject to receipt of all necessary regulatory approvals including final acceptance of the Canadian Securities Exchange. All securities issued under the Private Placement are subject to a hold period under applicable securities laws in Canada expiring four months and one day from closing of the Private Placement.

A director and an officer of the Company participated in the Private Placement for an aggregate amount of CAD 41,000.