On April 19, 2024, GFG Resources Inc closed the transaction. The company issued 9,278,635 units at an issue price of CAD 0.085 per unit for the gross proceeds of CAD 788,683.975, 9,697,000 flow-through units at an issue price of CAD 0.10 per FT Unit for the gross proceeds of CAD 969,700 and 6,147,059 premium units at an issue price of CAD 0.1216 per Premium Unit for gross proceeds of CAD 747,482.3744; aggregate gross proceeds of CAD 2,505,866.3494 in the transaction. The transaction included participation from management and directors of the Company who purchased a total of 3,200,000 Units and 497,000 FT Units and Alamos purchased 3,000,000 Units at a price of CAD 0.085 for the gross proceeds of CAD 2550,000.

Prior to the closing of the Offering, Alamos held 20,809,004 common shares and 3,843,303 warrants of GFG, representing a security holding percentage of approximately 11.24%, on a partially diluted basis and purchased securities to maintain their 9.9% interest in the Company. Following the closing of the Offering, Alamos will have beneficial ownership of, or control and direction over 23,809,004 common shares and 5,343,303 warrants of company.