On June 16, 2023, Brascan Resources Inc. closed the transaction. The company issued 4,357,142 units at a price of CAD 0.035 per Unit for gross proceeds of CAD 152,499.97. Each Unit consists of one share and one transferable Share purchase warrant.

Each Warrant entitles the holder thereof to purchase one additional Share of the Company for a period of two years expiring on June 16, 2025 at a price of CAD 0.07 per Share. No finders' fees or commissions were paid in connection with completion of the Financing. All securities issued in connection with the Financing are subject to a four month and one day statutory hold period in accordance with applicable securities law until October 17, 2023.

The transaction included participation from individual investor Kelly Burr subscribed for an aggregate 1,000,000 Units at an issue price of CAD 0.035 for gross proceeds of CAD 35,000.00 in the Financing.