On March 28, 2024, Emperor Metals Inc. closed the transaction. The company issued 18,148,000 units at a price of CAD 0.125 per unit for gross proceeds of up to CAD 2,268,500. Each whole warrant entitles the holder to purchase one additional common share until March 28, 2026.

The company paid a total of CAD 16,020 in cash and issued 128,160 finders' warrants to eligible finders for certain of the units sold. Each finder's warrant entitles the holder to purchase one common share at an exercise price of CAD 0.25 per share until March 28, 2026. All securities issued are subject to a hold period until July 29, 2024.

The company has granted 3,950,000 options in aggregate to directors, officers and consultants of the company at an exercise price of CAD 0.15, expiring on March 28, 2029.