On January 2, 2024, Xplore Resources Corp. closed the transaction. The company issued 4,250,000 units at a price of CAD 0.10 per unit for total gross proceeds of up to CAD 425,000 in its final tranche. Together with the first tranche of the placement, an aggregate of total 11,780,000 units were issued at a price of CAD 0.10 per unit for total gross proceeds of CAD 1,178,000 in the transaction. The shares and warrants comprising the units sold under the second tranche, and any Shares issuable pursuant to the exercise of the warrants are subject to a hold period and may not be traded until May 3, 2024, except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 28 placees and 1 pro group for 250,000 units.