On June 5, 2024, Thunderstruck Resources Ltd. closed the transaction. The company announced that it has issued 350,000 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 21,000 in second and final tranche. The company total issued 5,350,000 units in connection with the transaction.

Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of CAD 0.10 per share for a period of 36 months. All securities issued in the final tranche are subject to a hold period in Canada expiring on November 6, 2024.

Finders' fees of CAD 1,470 were paid in connection with the final tranche of the placement. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.