On January 3, 2024, Gitennes Exploration Inc. closed the transaction. The company issued 4,000,000 non-flow-through units priced at CAD 0.015 per unit for the gross proceeds of CAD 60,000 and 2,500,000 flow-through units priced at a price of CAD 0.02 per unit for the gross proceeds of CAD 50,000; aggregate gross proceeds of CAD 110,000. Each unit consists of one non-flow-through common share and one common share purchase warrant, and each FT unit consists of one flow-through common share and one-half common share purchase warrant.

Each warrant shall be exercisable to acquire one common share at an exercise price per warrant share of CAD 0.05 for a period of 24 months following the closing date and each whole FT warrant shall be exercisable to acquire one common share at an exercise price per FT warrant of CAD 0.05 for a period of 24 months following the closing date. All securities issued pursuant to the placement are subject to a four-month-and-one-day hold period in Canada. The placement is subject to certain conditions including, but not limited to, the receipt of all necessary final approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities.

The company paid Finders' fees of totaling CAD 3,500, 70,000 shares and 70,000 warrants were paid on the financing. The transaction included participation from 4 placees. The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement.