On January 31, 2024, Spark Energy Minerals Inc. closed the transaction. The company accepted subscriptions for 4,206,668 units at a price of CAD 0.075 per unit for the gross proceeds 315,500.05. Each unit consists of one common share and one common share warrant.

Each warrant is exercisable at CAD 0.125 and entitles the holder to subscribe for one additional common share for a period of two years from the date of closing. Securities issued on this closing are subject to a statutory hold period until June 1, 2024. The corporation paid finders' fees to one qualified finder of CAD 1,575.