On August 31, 2023, Talmora Diamond Inc., closed the transaction. The company issued 8,700,000 hard dollar units at a price of CAD 0.025 per unit for the gross proceeds of CAD 217,500 and 1,533,333 flow-through units at a price of CAD 0.03 per flow through unit for the gross proceeds of CAD 45,999.99 for the total gross proceeds of CAD 263,499.9 in the transaction. Each HD unit will be comprised of one common share and one common share purchase warrant.

Each FT unit will be comprised of one common share and one Warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.05 per warrant share for a period of 12 months following the closing date of the offering. All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date.

The transaction included participation from individual investor, Raymond Davies, acquired 6,400,000 hard dollar units and 1,533,333 flow-through units under the offering.