On February 2, 2024, Omai Gold Mines Corp. closed the transaction. The company amended the terms of the transaction and issued 29,467,399 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 2,062,718 in the transaction.

In connection with the offering, the company paid cash finder's fees totaling CAD 110,713.08 and issued 1,581,615 finder's warrants, each of which entitles the holder to purchase one common Share at an exercise price of CAD 0.07. 159,000 of the finder's warrants expire on February 2, 2025 and 1,422,615 expire on February 2, 2026. All securities issued pursuant to the offering will be subject to a statutory hold period expiring June 3, 2024, being four months and one day after the closing of the offering.

Completion of the offering and payment of any finder's fees remain subject to the receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The transaction included participation from 13 placees and one pro group with total pro group involvement of 700,000 shares.