On May 14, 2024, Giant Mining Corp., closed the transaction. The company issued 4,603,021 units at a price of CAD 0.30 per unit for the gross proceeds of CAD 1,380,906.30. Each unit is comprised of one common share and one share purchase warrant.

Each warrant entitles the holder thereof to purchase one additional share of the company at an exercise price of CAD 0.40 per Share for a period of 24 months from closing, subject to an accelerated expiry. As a part of the transaction, the company paid CAD 14,406 in cash finders' fees and issued an aggregate of 48,020 finders' warrants. The transaction has been oversubscribed.

The finders' warrants are non-transferable and have the same terms as the warrants forming part of the units. The shares, warrants and finders' warrants are subject to a hold period until September 15, 2024 pursuant to applicable securities legislation. Certain insiders of the company purchased 1,603,334 units in the private placement.