On January 18, 2024, Montero Mining and Exploration Ltd. closed the transaction. The company issued 5,332,997 common shares at an issue price of CAD 0.15 per share for gross proceeds of CAD 799,949.55. The company paid finder's 708 Capital Pty Ltd and Haywood Securities Inc a cash commission of CAD 30,000.00 and CAD 2,999.99 respectively. The transaction included participation from certain directors of the company for 296,667 Common Shares.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 13 placees including existing insider involvement of 2 insiders for 296,667 and pro group involvement of 2 pro groups for 233,332.