On May 14, 2024, Western Alaska Minerals Corp. closed the transaction. The company has issued 200,000 units at a price of CAD 0.65 per unit for the gross proceeds of CAD 130,000 in its second and final tranche closing.

In aggregate under the Offering, the company issued 4,012,981 Units at a price of CAD 0.65 per Unit for aggregate gross proceeds of CAD 2,608,437.65. Certain related parties of the company purchased or acquired direction or control over a total of 1,153,846 Units as part of the Offering. All securities issued pursuant to the Second Tranche are subject to a hold period expiring on September 15, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The actual finder?s commissions paid and Finder?s Warrants issued in connection with the Offering totaled CAD 60,399.81 and 92,923, respectively. The company has received $1,036,838 (CAD 1,422,432) from 33 investors pursuant to exemption provided under Regulation D. The finder fees includes $22,980.