On June 12, 2024, Lithium South Development Corporation, closed the transaction. The company paid finder's fees in the aggregate of CAD 252,219.84 cash and 840,733 finder's warrants to Leede Jones Gable Inc., Research Capital Corp., Ventum Financial Corp., Canaccord Genuity Corp. and RCI Capital Group. The finder's warrants are non-transferable and exercisable at 40 cents per share for a period of five years from the closing date of the private placement. Additionally, the company paid Canaccord Genuity, as lead finder for the private placement, a corporate advisory fee in the amount of CAD 45,000. The advisory fee was paid through the issuance of 150,000 units, consisting of 150,000 shares and 150,000 warrants. The warrants are exercisable on the same terms as the finder's warrants. The private placement remains subject to the final approval of the TSX Venture Exchange. All securities issued in connection with the private placement are subject to a mandatory hold period of four months and one day from the issue date and the Exchange Hold Period expiring on Oct. 8, 2024. The company announced that it has raised CAD 51,000 ($37,118) from 2 investors pursuant to regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 59 placees and 2 pro groups for 125,000 units.