On April 12, 2024, Highrock Resources Ltd closed the transaction. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. In connection with the Offering, the company paid certain eligible persons a cash commission in the aggregate of CAD 5,600 and issued an aggregate of 112,000 finder warrants.

Each finder warrant is exercisable at a price of CAD 0.075 per common share until April 12, 2026. Pursuant to the Offering, Greencastle Resources Ltd. acquired 2,200,000 units of the company. Prior to the completion of the Offering, Greencastle held 1,400,000 common shares, representing approximately 10.76% of the issued and outstanding common shares in the capital of the company on an undiluted and partially diluted basis.

Upon completion of the Offering, Greencastle holds 3,600,000 common shares and 2,200,000 warrants, representing approximately 18.45% of the issued and outstanding common shares in the capital of the company on an undiluted basis and approximately 26.72% on a partially diluted basis. Depending on market and other conditions, or as future circumstances may dictate, Greencastle may from time to time increase or decrease its holdings of common shares or other securities of the company.