On June 3, 2024, Golden Rapture Mining Corporation closed the transaction. The company issued 50,000 flow-through units at a price CAD 0.25 per FT unit for the gross proceeds of CAD 12,500 and 642,012 non-flow-through units at a price of CAD 0.18 per non-flow-through unit for the gross proceeds of CAD 115,562.16; aggregate gross proceeds of CAD 128,062.16. Each FT Unit consisted of one common share and one-half of one common share purchase warrant.

Each FT Warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.35 per share for a period for 36 months. Each NFT Unit consisted of one non-flow-through common share and one common share purchase warrant. Each NFT Warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.25 per share for a period for 36 months.

A total of 692,012 Common Shares of the Company, and a total of 642,012 NFT Warrants and 25,000 FT Warrants, were issued in connection with this Private Placement. No compensation or finders fees were payable pursuant to this Private Placement. There was no insider participation in this Private Placement, with no new insider control position created, nor any materially affect on control of the Company.