On February 23, 2024, NiCAN Limited, closed the transaction. The company issued 3,600,000 common shares of the company at a price of CAD 0.10 per common share for gross proceeds of CAD 360,000 and 8,400,000 flow through common shares at a price of CAD 0.175 per share for the gross proceeds of CAD 1,470,000 for the aggregate gross proceeds of CAD 1,830,000. As a part of the transaction, the company paid a cash commission of CAD 128,100 and issued 840,000 compensation warrants of the company.

All securities issued and issuable in connection with the offering are subject to a four month and one day hold period in accordance with applicable Canadian securities laws. The offering remains subject to the final approval of TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement.

The transaction included participation from 8 placees.