On May 8, 2024, Awalé Resources closed the transaction. The company issued 16,130,000 units at a price of CAD 0.62 per Unit for gross proceeds of CAD 10,000,600 and exercised the overallotment option in full. The Offering was underwritten by Canaccord Genuity Corp. on behalf of a syndicate of underwriters. Each Warrant entitles the holder to acquire one Common Share at a price of CAD 0.80 per Common Share until May 8, 2026. In connection with the Offering, the Company paid the Underwriters a cash commission equal to 6% of the gross proceeds from the Offering.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The company has paid CAD 482,751.65 to Canaccord Genuity Corp. and CAD 206,893.57 to Beacon Securities Ltd. The transaction included participation from 45 placees.