On August 16, 2023, Atco Mining Inc. closed the transaction. The company amended the terms of the transaction and issued 11,730,000 units of the company at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,173,000. Each unit consists of one common share of the company and one transferable common share purchase warrant entitling the holder thereof to purchase one additional share at a price of CAD 0.15 until August 15, 2025.

In connection with closing of the offering, the company paid finder's fees totaling CAD 16,000 and issued 160,000 Warrants to certain arms-length brokerage firms.