On June 18, 2024, Argyle Resources Corp. closed the transaction. The company announced that it has issued 3,559,000 non flow-through units at an issue price of CAD 0.35 per Unit, for aggregate gross proceeds of CAD 1,245,650 and 2,225,000 flow-through units at a price of CAD 0.40 per FT Unit, for aggregate gross proceeds of CAD 890,000; aggregate gross proceeds of CAD 2,315,650.

Each Unit consists of one common share and one Share purchase warrant with each Warrant entitling the holder to purchase one Share at an exercise price of CAD 0.45 for a period of 24 months from the date of issuance. Each FT Unit consists of one Share and one non-flow-through Share purchase warrant ("FT Warrant"), with each FT Warrant entitling the holder to purchase a (non-flow-through) Share at an exercise price of CAD 0.50 for a period of 24 months from the date of issuance. All securities issued under the Private Placement Offerings are subject to a statutory hold period of four months and one day.