On April 30, 2024, Lahontan Gold Corp. closed the transaction. The company 57,500,000 units of at a price of CAD 0.06 per unit for aggregate gross proceeds of up to CAD 3,450,000 in the transaction.

The company paid a cash commission in the amount of CAD 215,915 and a corporate finance fee in the amount of CAD 5,800 and issued 3,695,586 non-transferrable compensation options and corporate finance fee options. Each compensation option is exercisable to acquire one common share at the issue price until April 30, 2027. The company has received ($231,345) CAD 318,000 from 2 investors pursuant to exemption provided under Regulation D. The company has paid cash commission ($8,403) CAD 11,550.51546391753) to Haywood Securities Inc.