On March 28, 2024, Fitzroy Minerals Inc. closed the transaction. The company issued 7,602,803 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,140,420.45. Each unit shall be comprised of one common share and one-half of one common share purchase warrant.

Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.25 for a period of 24 months from closing of the placement. The company paid CAD 75,917.62 as cash and 506,116 finder's warrants. Each Finder's Warrants issued to the finders shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.25 per share for a period of 24 months from the date of the closing of the Private Placement.

The transaction included participation from 36 placees and 2 insiders total existing insider involvement of 200,000 shares. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.