On April 5, 2024, SKRR Exploration Inc. closed the transaction. The company announced that it has issued 1,800,000 units at price of CAD 0.10 per unit for gross proceeds of CAD 180,000; and 583,332 flow-through units at a price of CAD 0.12 per flow-through unit for gross proceeds of CAD 69,999.84; for aggregate gross proceeds of CAD 249,999.84 in the transaction. The company paid aggregate cash finder's fees of CAD 3,500 and issued 35,000 broker warrants to certain finders and brokers on a portion of the first tranche of the private placement. The broker warrants are non-transferable and otherwise have the same terms as the warrants. The company expects to close the second and final tranche of the private placement within the following two weeks, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the first and final tranche of a non-brokered private placement. The transaction included participation from 12 placees.