On June 19, 2023, Origen Resources Inc. closed the transaction. The company amended the terms of the transaction. The company issued 2,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 500,000 in the final tranche for the aggregate gross proceeds of CAD 1,516,000.

The transaction included participation from Gabriel Pindarr which now holds 4,000,000 common shares and 2,000,000 share purchase warrants, which represents approximately 9% of the company?s outstanding shares on an undiluted basis and 12.97%. Prior to the completion of the Private Placement, the Acquiror held 2,000,000 Shares and 1,000,000 Warrants of the Issuer. The Acquiror acquired 2,000,000 Shares and 1,000,000 Warrants from the Private Placement and represented 4.86% of the then issued and outstanding Shares of the Issuer on an undiluted basis and 7.29% on a partially diluted basis and also the acquired a total of 2,000,000 units consisting of 2,000,000 Shares and 1,000,000 warrants.