Eastern Platinum Limited announced that it has closed the private placement of 64,080,653 common shares issued at a CAD 0.11 for the gross proceeds of CAD 7,048,871.83 on May 5, 2023. The transaction included participation from returning investor Ka An Development Co. Limited for 55,767,000 common share at an issue price of CAD 0.11 for the proceeds of CAD 6,134,370 representing increase in its stake from 32.7% to 49.9% owning 100,767,000 shares in the company now.