On January 26, 2024, Star Diamond Corporation closed the transaction. The company announced that it has closed the final tranche consisted of 8,548,905 units of the company at a price of CAD 0.09 per unit for gross proceeds of CAD 769,401.45 and 150,000 flow-through units at price of CAD 0.11 per FT unit for gross proceeds CAD 16,500; aggregate gross proceeds of CAD 785,901.45 in second and final tranche. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX.

All securities issued and issuable pursuant to the second tranche of the offering are subject to a hold period expiring May 27, 2024. In connection with the Offering, the Company paid cash finder fees of CAD 4,536 and issued 20,100 finder's warrants, each of which entitles the holder thereof to purchase one common share at a price of CAD 0.09 per share at any time prior to January 26, 2027. In connection with the offering, Ewan Mason and Lisa Riley have purchased a total of 500,000 Units and 150,000 FT Units.