On August 9, 2023, Lode Metals Corp. closed the transaction. The company issued 3,950,000 units at an issue price of CAD 0.10 for the gross proceeds of CAD 395,000.

Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at a price of CAD 0.16 until August 9, 2025. The transaction included participation from new investor for 100,000 units.

All securities issued in connection with the Offering are subject to restrictions on resale until December 10, 2023 in accordance with applicable Canadian securities laws.