On February 5, 2024, Pathfinder Ventures Inc. closed the transaction. The company issued 25,000,000 shares at a price of CAD 0.02 per share for the gross proceeds of up to CAD 500,000. All securities issued are subject to a four-month statutory hold period and a concurrent four-month exchange hold period, expiring June 6, 2024. Directors and officers of the company purchased an aggregate of 2,750,000 shares, representing 11% of the total number of shares sold pursuant to the offering, or 2.94% of the issued and outstanding shares following closing. No finder fees were paid in connection with the Offering.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 18 placees including existing insider involvement of 4 insiders for 2,750,000 and pro group involvement of one pro group for 250,000.