On April 24, 2024, LSL Pharma Group Inc. closed the transaction. The company has now issued 9,485,000 units at an issue price of CAD 0.40 per unit for the gross proceeds of CAD 3,794,000 in its second and final tranche closing bringing the total gross proceeds raised from the private placement to CAD 6,479,426. The company has now issued total 16,198,565 units for total gross proceeds of CAD 6,479,426 in the transaction. In connection with this transaction, the company paid to a finder dealing at arm?s length with the company, finders? fees for a total of CAD 30,000 in cash and issued 75,000 finders? warrants. Each Finder?s Warrant entitles the holder to purchase one common share at a price of CAD 0.70 for a period of 18 months following the closing of the transaction. Each issued unit, Common Share, Warrant, Warrant Share, Finder?s Warrant and Common Share underlying the Finder?s Warrants will be subject to a four month hold period under the applicable securities laws. The transaction is subject to the final approval of the TSX Venture Exchange. The transaction included participation from new investor Alfera Pharmaceuticals, LLC for 1,250,000 Units for an aggregate subscription price of CAD 500,000. Its direct or indirect holding, inclusive of Della Fera?s holding, on a non-diluted basis, was 0.04% prior to the financing and reaches now 1.20% following the financing while, on a partially diluted basis, was of 0.32% prior to the financing and reaches now 2.57%.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 43 placees and two insiders for 2,125,000 shares and two pro groups for 438,566 common shares.