On May 2, 2024, Minaurum Gold Inc. closed the transaction. The company issued 22,785,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 5,696,250. Each warrant shall entitle the holder to purchase one common share at any time on or before May 2, 2026.

The company paid the agent a cash commission of CAD 340,875 and issued to the agent 1,363,500 common share purchase warrants. Each broker warrant entitles the holder thereof to acquire one common share at a price of CAD 0.25 at any time on or before May 2, 2026. The broker warrants are subject to a statutory hold period expiring on September 3, 2024.