On January 17, 2024, Pacific Empire Minerals Corp. closed the transaction. The company now issued 11,000,000 common shares at a price of CAD 0.01 per Share for the gross proceeds of CAD 110,000, and 4,000,000 Flow-through shares at a price of CAD 0.015 per FT Share for the gross proceeds of CAD 60,000, for aggregate gross proceeds of approximately CAD 170,000 in second and final tranche. The company has paid 7% of the gross proceeds to the finders in connection in the transaction. In connection with the Offering, the Corporation has agreed to pay to Haywood Securities Inc. a commission equal to 7% of the gross proceeds raised from the Shares and the FT Shares sold to the purchasers by the Finder payable in cash and also issued the Finder the number of Common Share purchase warrants equal to 7% of the aggregate number of Shares and FT Shares placed by the Finder. Each Broker Warrant will entitle the Finder to purchase one Common Share Common Share at an exercise price of CAD 0.05 for a period of 12 months from closing and at a price of CAD 0.10 for the period from January 16, 2025 to January 16, 2027. All securities issued in connection with the second tranche of the Offering are subject to a statutory hold period expiring May 17, 2024. The transaction included participation from 32 investors including one existing insider for 1,333,333 common shares, and four pro groups for 13,416,666 common shares.

On January 19, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.