On October 25, 2023, Eureka Lithium Corp closed the transaction. The company has amended the terms of the transaction and issued 2,152,000 units at an issue price of CAD 0.50 per unit for gross proceeds of CAD 1,076,000. Each finder's warrant is exercisable into a share at an exercise price of CAD 0.65 until October 25, 2025.

In connection with closing of the private placement, the company paid cash finders' fees in the aggregate of CAD 53,270 and issued a total of 106,540 finders' warrants.