On March 18, 2024, StrikePoint Gold Inc. closed the transaction. The company has issued 19,431,250 units at a price of CAD 0.04 per unit for gross proceeds of up to CAD 777,250 in its second and final tranche closing bringing the total offering to 50,118,750 units for aggregate gross proceeds of CAD 2,004,750 when combined with the previous closing, subject to final approval from the TSX Venture Exchange. In connection with Tranche 2 of the Financing, the company paid CAD 35,175 in finder's fees and issued 879,375 non-transferable broker warrants in consideration for introducing subscribers to the Financing.

Finder's warrants entitle the holder thereof to purchase one common share of the company at a price of CAD 0.07 per finder's warrant until March 18, 2026. To date, certain insiders of the company participated in tranche one of the Financing and acquired an aggregate of 2,000,000 units. All securities issued and issuable under the second tranche of the Financing will be subject to a four month hold period expiring July 19 2024.

The transaction included participation from 57 placees, two insiders for two million and two pro groups for 500,000.