On May 31, 2024, East Africa Metals Inc closed the transaction. The company issued 10,360,000 units at a price of CAD 0.10 per unit, for gross proceeds of CAD1,036,000 in second tranche, together company issued 10,860,000 units to a total gross proceeds of CAD 1,086,000. The Company paid finder?s fees to certain finders, consisting of a cash fee of CAD 61,670 and 616,700 common share purchase warrants pursuant to the Private Placement.