On June 27, 2024, Canterra Minerals Corporation closed the transaction. The company issued 20,549,498 units at a price of CAD 0.06 per unit for gross proceeds of CAD 1,232,970 in the transaction. As a part of the transaction, the company paid finder?s fees of CAD 33,060 in cash and 508,140 warrants to arm?s length persons.

Each finder?s warrant is exercisable at a price of CAD 0.06 until June 27, 2026. The financings are subject to the final acceptance of the TSX Venture Exchange.