On August 04, 2023, Yorbeau Resources Inc. closed the transaction. The company has received 3,668,333 flow-through Class A common shares at a price of CAD 0.07 per share for the gross proceeds of CAD 256,783 and 5,230,000 non-flow-through Class A common shares at a price of CAD 0.035 per share for the gross proceeds of CAD 183,050, for the aggregate gross proceeds of CAD 439,833 in its third and final tranche. The Company paid finder fees in the aggregate amount of CAD 3,572 with respect to a portion of the third tranche of the Private Placement.

Insiders of the company participated in the Private Placement.