On December 20, 2023, Orex Minerals Inc. closed the transaction. The company issued 1,225,000 units of the company at a price of CAD 0.15 per unit for the gross proceeds of CAD 183,750 in the transaction. The shares and warrants comprising the units and any shares issued upon the exercise of the warrants are subject to a statutory hold period, which expires on April 21, 2024. The company has agreed to pay a finder's fee to certain finders in respect of those purchasers under the offering introduced to the company by such finder. In connection with the closing of the first tranche, the company will pay finders' fees of CAD 4,500 to Haywood Securities Inc. and CAD 2,250 to Canaccord Genuity Corp. The company has received CAD 11,250.499933 in funding pursuant to exemption provided under Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 6 placees including existing insider involvement of 1 insider for 200,000 and pro group involvement of one pro group for 500,000.