On February 16, 2024, Fredonia Mining Inc. closed the transaction. The company issued 17,554,480 units of the company at a price of CAD 0.05 per unit for the gross proceeds of up to CAD 877,724. The company did not pay any bonus, finder?s fee, commission, or agency fee in connection with the offering.

The transaction included participation from 28 placees and 2 insiders with total existing insider involvement of 4,568,240 shares. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.