On July 14, 2023, TinOne Resources Inc. closed the transaction. The company has amended the terms of the transaction. The company issued 1,275,000 units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 153,000 in its third and final tranche. The company has received 6,508,330 units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 781,000 in the transaction. Certain directors and officers participated in the Financing. All securities issued in connection with the Financing will be subject to a statutory hold period of four months plus a day from closing, expiring October 3, 2023, October 27, 2023 and November 15, 2023. The Financing is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and necessary regulatory approvals.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 26 placees including 2 insiders for 206,666 units. The company paid certain finders fee's CAD 4,561.2 cash and issued 38,010 finders warrants of the company, to acquire that number of common shares in the capital of the Company at C$0.25 per share, for a period of 24 months, expiring on June 2, 2025.