On July 24, 2023, Taranis Resources Inc. closed the transaction. The warrants are exercisable until July 24, 2026. The securities issued including any shares that may be issued pursuant to the exercise of the share purchase warrants and the shares issued in payment of the finder's fee, are subject to a hold period in Canada until November 25, 2023.

Twin Oaks Equity Partners acted as finder in connection with the offering and received 500,000 share finders' fee. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 9 placees.

The company intends to continue the transaction for more than one year. The company has received $604,085 (CAD 795,800.06) from 7 investors pursuant to exemption provided under Regulation D.