On May 4, 2023, Mistango River Resources Inc. closed the transaction. The company issued 14,335,996 flow-through units for proceeds of CAD 860,159.76, and 6,967,777 hard dollar units at a price of CAD 0.045 per unit for proceeds of CAD 313,549.97 and gross proceeds of CAD 1,173,709.73. each hard-dollar unit consists of one common share and one-half of one common share purchase warrant.

Each whole hard dollar warrant will entitle the holder to purchase one additional share of the company at a price of CAD 0.10 for a period of 24 months from the date of issuance. The common shares and warrants issued as part of the flow-through units and the hard-dollar units under this offering will be subject to a four-month-and-one-day hold period from the date of closing of the offering. The company has paid finders an aggregate of CAD 63,821.19 and 1,263,546 finders warrants.

Each finder's warrant entitles the holder, on exercise thereof, to purchase one common share at a price of CAD 0.10 for a period of 24 months.