On June 6, 2024, Rugby Resources Ltd., closed the transaction. As a part of the transaction, the company paid CAD 22,320 as finder fee in the transaction. The transaction included participation from individual investor Bryce Roxburgh acquired 2,000,000 units at an issue price of CAD 0.05 per Unit.

the Acquiror acquired 2,000,000 Common Shares and 2,000,000 Warrants. Prior to the completion of the private placement, the Acquiror held a total of 11,343,333 common shares on a direct basis, and 21,917,300 common shares on an indirect basis (being held by way of Rowen Company Limited, an entity controlled by Mr. Roxburgh), for a total aggregate of 33,260,633 common shares, or 11.17% of the common shares outstanding in the Issuer. Upon completion of the private placement, the Acquiror holds a total of 11,343,333 common shares on a direct basis, and 23,917,300 common shares on an indirect to basis, for a total aggregate of 35,260,633 common shares, or 11.15% of the common shares outstanding in the Issuer as of the date hereof, on an undiluted basis, and a total aggregate of 48,402,300 common shares, or 14.69% of the common shares outstanding on a fully diluted basis.