On July 3, 2024, Alma Gold Inc. closed the transaction. The company issued 6,100,000 units at an issue price of CAD 0.05 per Unit for gross proceeds up to CAD 305,000. Each Unit will be comprised of one common share and one transferable common share purchase warrant.

Each Warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.08 for a period of three years from issuance. No finders' fees were paid on the private placement. All securities issued are subject to a statutory hold period of four months and one day from issuance, which will expire on November 4, 2024.