On July 15, 2024, Silver Range Resources Ltd. closed the transaction. The company issued 2,991,005 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 239,280.4. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.16 until July 12, 2026. All securities issued as part of the closing of this private placement, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until November 13, 2024.

The transaction included participation from an insider for 1,227,219 units.