On December 28, 2023, Tuktu Resources Ltd closed the transaction. The company issued 31,938,299 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 1,596,914.95. Each unit consists of one common share of the Company and one common share purchase warrant, with each Warrant entitling the holder to purchase one Common Share at a price of CAD 0.075 for a 36- month term ending December 28, 2026. The company paid Agent a commission and corporate finance fee of an aggregate of CAD 129,920, which a portion of the Commission was paid through the issuance of 2,338,300 Units under the Private Placement. In addition, the Company also issued 1,398,400 broker warrants to the Agent and certain other selling group firms, with each Broker Warrant entitling the Agent to purchase one Unit at an exercise price equal to CAD 0.05 for a period of 36 months ending December 28, 2026.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 37 placees including CAD 13,005 to placement agent and CAD 116,915 for corporate finance fee and issued 2,338,300 units and 1,398,400 broker warrants.