On February 1, 2024, Puranium Energy Ltd. closed the transaction. The company amended the terms of the transaction and issued 9,318,750 units at a price of CAD 0.08 per unit for proceeds of CAD 745,500. Each unit is comprised of one common share and one half common share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of CAD 0.12 for a period of 36 months from the closing of the offering.

Insiders participated in the Private Placement. In connection with the closing, the company paid CAD 2,800 cash finder?s fees and 35,000 finders warrants to eligible finders.