On December 15, 2023, the company announced that it has issued 461,556 non-flow-through units at a price of CAD 0.18 per NFT Unit and 9,335,000 flow-through units of the Company at a price of CAD 0.20 per FT Unit. in its first tranche. A total of 4,898,278 Warrants were issued under the Private Placement.

Each non flow-through unit will consist of one non flow-through common share of the company and one half of one common share purchase warrant. Each flow-through unit will consist of one flow-through common share of the company and one half of one warrant. Each Warrant entitles the holder to purchase one non-flow-through common share of the Company at a price of CAD 0.35 at any time on or before that date which is 24 months after the date of issuance.

The company paid finder's fees of CAD 105,852 and 529,860 finder's warrants. Each Finder's Warrant entitles the holder to purchase an additional common share of the Company at a price of CAD 0.20 for a period of 24 months from the date of issuance. All securities issued pursuant to the Offering are subject to a hold period expiring on April 16, 2024.

The transaction included participation from the insider from 55,556 NFT Units.