On January 30, 2024, EDM Resources Inc closed the transaction. The company will now issue 12,727,272 units at an issue price of CAD 0.11 per Unit for gross proceeds of CAD 1,399,999.92. In connection with the offering, the company has paid CAD 20,944 in cash compensation and issued 190,400 broker warrants to eligible brokers for their assistance with the Offering. Each Broker Warrant is exercisable into a common share until January 30, 2027. The transaction included participation from returning investor, Fancamp Exploration Ltd to subscribe 1,450,909 shares for CAD 159,599.99. Certain directors, officers, and other insiders of the Company (collectively the ?Insiders?) have acquired a total of 2,642,546 Units in the Offering.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 43 placees including existing insider involvement of 3 insiders for 2,692,546 shares and pro group involvement of 11 pro groups for 1,653,910 shares.