On June 27, 2024, Forte Minerals Corp. closed the transaction. The company has issued 8,953,000 units at a price of CAD 0.20 per unit for aggregate gross proceeds of CAD 1,790,600.

Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.30 per warrant share until June 26, 2026. All securities issued in connection with the offering are subject to a statutory hold period expiring on October 27, 2024. The company paid cash finder's fees totaling CAD 86,736 and issued 433,680 finder's warrants, on the same terms as the Warrants, to investment advisors who introduced subscribers to the offering.

Certain directors of the company have purchased or acquired direction or control over a total of 150,000 units in the offering. The transaction is oversubscribed.