On April 19, 2024, Galleon Gold Corp., closed the transaction. The company issued 1,968 debenture units at a price of CAD 1,000 per unit for the gross proceeds of CAD 1,000 per unit for the gross proceeds of CAD 1,968,000 in its second tranche closing. The company issued a total of 3,000 debenture units in the transaction.

The debentures will mature on April 19, 2027. The transaction included participation from Eric Sprott of 2176423 Ontario Ltd. who acquired 750 Units for the gross proceeds of CAD 750,000 and 2,272,500 Warrants. Prior to the Acquisition, Sprott beneficially owned 13,624,895 Shares representing approximately 20.8% of the outstanding Shares.

The company has paid a total of CAD 102,720 in total of two tranches. The company has paid CAD 64,500 and 390,909 non-transferrable finders' warrants have been paid in connection with the second tranche of the Offering. Each finder warrant entitles the holder to acquire one common share at CAD 0.165 per share over a two (2) year period.