On January 3, 2024, Kainantu Resources Ltd. closed the transaction. The company has issued 12,500,000 Shares at a price of CAD 0.02 per Share to raise gross proceeds of CAD 250,000 in second and final tranche. The Common Shares issued pursuant under the second tranche of the Offering are subject to a statutory hold period of approximately four months ending on May 4, 2024, in accordance with applicable securities law.

The company issued finder's 875,000 shares and 875,000 warrants. Each finder warrant entitles the holder to purchase one common share at the price of five cents for a period of three years from the date of issuance. The transaction included participation from 30 placees , 7,759,587 shares from two insiders and eight million from four pro groups.