On January 10, 2024, Crest Resources Inc. closed the transaction. The company announced that it has issued 850,000 units at an issue price of CAD 0.04 per unit for the gross proceeds of CAD 34,000 in the second tranche. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one common share at a price of CAD 0.05 for a period of five years expiring January 10, 2029.

All securities issued are subject to a four-month hold period expiring May 11, 2024. Garry Stock, a director of the company, acquired 400,000 units of the company. The offering and the acceptance of the subscription by him were approved by unanimous resolution of the board of directors of the company.