On August 24, 2023, Mich Resources Ltd. closed the transaction. The company issued 5,530,000 units at a price of CAD 0.10 per unit and 4,800,000 flow through common shares at a price of CAD 0.125 per share for the gross proceeds of CAD 1,153,000. The company paid a total of CAD 33,460.00 in finder's fees and issued a total of 275,000 finders Warrants to two arm?s length parties on a portion of the gross proceeds of the Offering.

Each Warrant entitles the holder to purchase one Warrant Share for a period of 36 months from closing of the Offering at a price of CAD 0.15 per Warrant Share.