On June 12, 2023, Rome Resources Ltd., closed the transaction. The company issued 4,400,000 units at a price of CAD 0.25 for the gross proceeds of CAD 1.1 million in the transaction. .

Each unit is comprised of one common share and one-half of one non-transferable common share purchase warrant with each whole warrant exercisable for one common share at CAD 0.30 per share on or before June 9, 2025. The securities issued pursuant to the private placement and any shares to be issued on the exercise of warrants are restricted from trading until October 10, 2023. As a part of transaction, the company paid a cash finder's fee of CAD 14,000.