On December 7, 2023, Red Pine Exploration Inc. closed the transaction. The company issued 19,252,785 flow-through shares at a price of CAD 0.22 per flow-through share for gross proceeds of CAD 4,235,612.7; and 3,704,000 flow-through shares at a price of CAD 0.27 per flow-through share for gross proceeds of CAD 1,000,080; for aggregate gross proceeds of CAD 5,235,693. The securities issued under the offering will be subject to a hold period in Canada expiring four months and one day expiring on April 8, 2024. The transaction included participation from an insider of the company for 90,900 tranche 1 flow-through shares.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 21 placees including existing insider involvement of 1 insider for 90,100 and pro group involvement of 4 pro groups for 1,466,215. The company has paid CAD 314,141.58 as finder's fees and 1,377,407 non-transferable compensation options, payable to Haywood Securities Inc. and Laurentian Bank Securities Inc.