On December 21, 2023, Spruce Ridge Resources Ltd., closed the transaction. The transaction will include participation from RAB Capital Holdings Limited for 9,000,000 for the gross proceeds of CAD 450,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 53 placees, 3 existing insiders for 1,600,000 units and 9 pro groups for 3,900,000 units.