On June 17, 2021, Pelangio Exploration Inc. closed the transaction. The company issued 718,750 flow-through units for gross proceeds of CAD 275,000 in the final tranche. The transaction included participation from six places, David Mosher, director of the company, for 625,000 units and Ingrid Hibbard, chief executive officer of the company, for 625,000 units and other investors. In connection with the closing of the final tranche, the company paid finder's fees to Leede Jones Gable, an arm's length finder, consisting of CAD 5,250 in cash and 32,812 non-transferrable warrants. All securities issued in the final tranche, including the finder warrants, are subject to a statutory hold period expiring on October 18, 2021. The transaction remains subject to final acceptance by the TSX-V. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.