On April 29, 2024, Cabral Gold Inc. closed the transaction. The company issued 2,457,500 Units at an issue price of CAD 0.16 per unit for gross proceeds of CAD 393,200 in its final tranche bringing total units sold to 14,126,250 units for gross proceeds of $2,260,200. The transaction included participation from 53 investors including two existing insiders for 250,000 units and two pro groups for 500,000 units.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The company has received CAD 866,000 ($629,149) pursuant to Regulation D from 6 investors.