On September 13, 2023, Element 29 Resources Inc. closed the transaction. The company issued 19,045,253 units at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 2,856,787.95 in the transaction. Each Unit issued under the Financing consists of one common share and one non-transferable Common Share purchase warrant. Each Warrant is exercisable for one Common Share at an exercise price of CAD 0.25 per Warrant Share until September 13, 2025. Insiders of the Company participated in the Offering for an aggregate amount of 1,120,000 Units at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 168,000. The company has disclosed the finder's fees of CAD 144,007.29 paid to respective finders. All securities issued pursuant to the Financing are subject to a statutory four month and one day hold period expiring on January 14, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 74 placees, 4 existing insiders for 1,120,000 units and 10 pro groups for 2,665,000 units.