On June 27, 2024, Abasca Resources Inc. closed the transaction. All securities issued in connection with the Offering have a four month hold period expiring on October 28, 2024. No finders fees were paid with respect to the Offering.

9169601 Canada Inc. acquired 15,168,750 units of company at a subscription price of CAD 0.16 per Unit for a total subscription price of CAD 2,427,000. Dawn Zhou holds 100% of the common shares (including through joint ownership) and 100% of the preferred shares of 916. Prior to the closing of the Private Placement, Dawn Zhou owned, directly and indirectly and exercised control over, 35,149,788 Common Shares, 4,755,000 Common Share purchase warrants and stock options exercisable into 850,000 Common Shares, representing approximately 69.38% of the issued and outstanding Common Shares, on a partially diluted basis.

Upon completion of the Private Placement, Dawn Zhou now owns, directly and indirectly and exercises control over, 50,318,538 Common Shares, 12,339,375 Common Share purchase warrants and stock options exercisable into 850,000 Common Shares, representing approximately 71.14% of the issued and outstanding Common Shares on a partially diluted basis.