On May 31, 2024, Aurania Resources Ltd. closed the transaction. The company issued 3,622,000 Units were sold under the Third Tranche at a price of CAD 0.20 per Unit for the gross proceeds of CAD 724,400.00. No fees were paid to finders in connection with the closing of the Third Tranche. Each Unit is composed of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at an exercise price of CAD 0.45 per Warrant Share at any time until the date which is 24 months from closing date of the applicable tranche of the Offering. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV and the securities regulatory authorities. All securities issued and issuable in connection with the Offering are subject to a hold period of four months plus one day from the date of issuance.

The company announced that it has received CAD 113,702($82,800) pursuant to Regulation D and included participation from single investor. The company tends to continue transaction for more than 1 year.