On December 29, 2023, Searchlight Resources Inc., closed the transaction. The company issued 6,833,400 units at a price of CAD 0.03 per unit for aggregate proceeds of CAD 205,002. As a part of the transaction, the company paid a finders' fees of CAD 7,000 and 233,338 finders warrants which will expire two years from the date of closing. All the securities issued are subject to a four-month hold period from the date of closing.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from four placees and 2 existing insiders for 1,850,000 units.