On April 16, 2024, Pelangio Exploration Inc. closed the transaction. The company issued up to 25,766,666 units a price of CAD 0.015per unit for gross proceeds of CAD 386,499.99 in its second and final tranche. The company paid total finders' fees in relation to both the first and second tranche of the private placement to eligible finders consisting of CAD 23,000 in cash and 1,533,333 warrants.

The transaction included participation from certain insiders of the company for an aggregate total of CAD 85,500.