On November 2, 2023, Gold Hunter Resources Inc closed the transaction. The company issued 2,880,000 Units at issue price of CAD 0.25 per units for gross proceeds of CAD 720,000. Each Unit consisted of one common share and one transferable common share purchase warrant exercisable for one additional Share at a price of CAD 0.35 for a period of 24 months.

An Insider of the Company participated in the Private Placement in the amount of 40,000 Units. Eric Sprott subscribed 800,000 Units for a total consideration of CAD 200,000. The company has also paid finder's fees of CAD 14,000 and issued 56,000 finder's warrants to arm's-length parties, each entitling the holder to acquire one Share at a price of CAD 0.35 for a period of 24 months.