On September 26, 2023, Deep-South Resources Inc. closed the transaction. The company has issued 27,742,800 units at an issue price of CAD 0.065 for the gross proceeds of CAD 1,803,282 in second and final tranche. The Company has paid finders fees totaling CAD 123,207 and 1,895,310 broker warrants. The broker warrants have an exercise price of CAD 0.065 for for twenty-four months from the date of closing of the placement. Each broker warrant entitles the holder to purchase one common share. The transaction was oversubscribed. The company has issued 31,826,596 units at a subscription price of CAD 0.065 per unit for the gross proceeds of CAD 2,068,729.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 27 placees and 4 pro groups for 3,517,796 units.