On June 21, 2024, Phenom Resources Corp. closed the transaction. The company now issued over-subscribed non-brokered private placement of 2,750,000 units at an issue price of CAD 0.45 per unit for the gross proceeds of CAD 1,237,500.

In connection with the Offering, the Company paid a total of CAD 6,300.00 as finder's fees. Each Unit comprises one common share and one transferable Share purchase warrant. whereby each Warrant entitles the holder thereof to purchase one additional Share at an exercise price of CAD 0.65 at on June 22, 2027, being the third anniversary of the date of issuance.

All securities issued under the Offering are subject to a hold period expiring October 22, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The company has received $325,026 (CAD 445,350.6252) from 4 investors pursuant to exemption provided under Regulation D