On May 1, 2024, Giant Mining Corp. closed the transaction. The company has now issued 15,455,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 3,091,000.

In connection with the Private Placement, the company paid an aggregate of CAD 55,755 in cash finders' fees and issued an aggregate of 278,775 finders' warrants. The finder's warrants are non-transferable and have the same terms as the Warrants forming part of the Units. The Shares, Warrants and Finders' Warrants are subject to a hold period until September 2, 2024 pursuant to applicable securities legislation.