On September 16, 2023, Kainantu Resources Ltd. closed the transaction. The company has issued senior convertible debenture units with an aggregate principal amount of CAD 160,000 for the gross proceeds of CAD 1 million in its fourth and final tranche. The company ahs paid finder's fees of CAD 11,200 in cash and issued a total of 93,333 common shares purchase warrants to Lightstream Capital Ltd., each finder warrant entitling the holder thereof to acquire one common share of the company at CAD 0.12 per share for a period of three years from the closing of the applicable tranche.