On October 27, 2023, Pelangio Exploration Inc. closed the transaction. The company amended the terms of the transaction and issued 4,749,999 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 142,500 in its final tranche for the aggregate gross proceeds of CAD 351,600. All securities issued in this closing of the Private Placement are subject to statutory four month hold periods expiring on January 28, 2024 for the first tranche and February 27, 2024 for the second tranche.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on September 11, 2023. The transaction included participation from 11 placees and 3 insiders.