On December 20, 2023, Galantas Gold Corporation closed the transaction. The company has now issued 2,627 unsecured convertible debentures at an issue price of $1,000 per debenture in an aggregate principal amount of $2,627,000. In connection with the Offering, the company paid a cash finder's fee of $40,500 and issued 158,823 non-transferable finder's warrants to Canaccord Genuity Corp. in consideration for providing certain finder services to the company under the Offering. Each finder warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $0.26179 (CAD 0.35) per common share at any time on or before December 20, 2026. The transaction included participation from returning investor Ocean Partners UK Ltd. who acquired $875,000 aggregate principal amount of debentures. The Offering remains subject to the final acceptance of the TSXV. The securities issued pursuant to the Offering are subject to a four-month hold period under applicable Canadian securities laws which will expire on April 21, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 12 placees and 1 existing insider for 3,431,372. The debentures will mature on December 20, 2026.