On February 2, 2024, P2 Gold Inc closed the transaction. The company has now issued 6,250,000 units at an issue price of CAD 0.08 per unit for the gross proceeds of CAD 500,000 in the transaction. Each Unit consists of one common share and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.15 per common share for a period of two years from the date of issue. The securities issued pursuant will be subject to a four-month hold period expiring on June 2, 2024. In connection with the transaction, the company paid finder's fees of an aggregate CAD 9,732 to arm's length finders, representing 6% of the proceeds raised from subscriptions by certain placees. Insiders of the Company subscribed for 1,122,500 Units of the First Tranche for the gross proceeds of CAD 89,800.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 24 placees and 2 existing insiders for 1,122,500 units.