On October 30, 2023, Fortune Bay Corp., closed the transaction. As a part of the transaction, the company has paid a finder fees of of CAD 36,000 in cash and issued a total of 156,522 non-transferable finder?s warrants, having an exercise price of CAD 0.30 per share in the transaction. Each finder?s warrant entitles the finder to purchase one common share at the applicable exercise price for two years from the date of issue. Directors and officers of the company subscribed for an aggregate of 956,523 units. All securities issued pursuant to the offering will be subject to a four-month and one day hold period.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from eight placees, 2 existing insiders for 956,522 shares and 1 pro group for 869,565 shares.