On March 15, 2024, Golden Arrow Resources Corporation closed the transaction. The company issued 1,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 50,000 in its final tranche. In total, finder's fees of CAD 23,940 were paid in cash on a portion of the private placement to parties at arm's length to the company.

In addition, 478,800 non-transferable finder's warrants were issued. Each finder's warrant entitling a finder to purchase one common share at a price of 10 cents per share for three years from the date of issue, expiring on March 15, 2027. The company has raised CAD 22,556.16 from 3 investors pursuant to Regulation D. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.

The transaction included participation from 29 placees, 3 insiders with total existing insider involvement of 1,250,000 shares.