On March 28, 2024, Western Exploration Inc. closed the transaction. The company issued 9,348,086 Units at a price of CAD 0.70 per Unit for gross proceeds of CAD 6,543,659. Each unit will consist of one variable voting share of the company and one variable voting share purchase warrant of the company. Each Warrant will entitle the holder to purchase one variable voting share of the company at a price of CAD 1 per warrant share at any time on or before the date which is 36 months after the closing date of the offering. The company paid finder's fees of CAD 110,946.80 in cash and 158,495 variable voting share purchase warrants. Each Finder's Warrant entitles the holder to purchase one Share at CAD 1.00 for 36 months.
On April 8, 2024, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 84 placees.