On July 12, 2024, Forty Pillars Mining Corp. closed the transaction. The company has now issued 5,700,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of CAD 285,000.

Each Warrant entitles the holder to purchase one additional common share in the capital of the company at an exercise price of CAD 0.065 per share until July 12, 2029. The securities issued under the Offering are subject to a four month and one day hold period expiring on November 13, 2024, in accordance with applicable Canadian securities laws.