On June 6, 2024, Orex Minerals Inc. closed the transaction. The company issued 4,419,951 units at a price of CAD 0.15 per unit for aggregate gross proceeds of CAD 662,992.65 in its final tranche. Each warrant entitles the holder thereof to acquire one share until June 6, 2026.

The shares and warrants comprising the units and any shares issued upon the exercise of the warrants are subject to a statutory hold period which expires on October 7, 2024.