On June 14, 2024, Silver Spruce Resources Inc., closed the transaction. The company issued 3,917,000 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 58,755 in its second and final tranche closing. One insider participated in the final tranche for 2,000,000 Units. All securities issued in connection with the Private Placement are subject to a statutory hold period expiring four months and one day from issuance. The Private Placement is subject to the approval of the TSX Venture Exchange.

The company has received CAD 36,750 ($26,735) pursuant to Regulation D from 2 investors.