On May 9, 2023, Aloro Mining Corp. closed the transaction. The company issued 2,600,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 130,000.

The transaction included participation from 10 placees. The company paid cash finder’s fee of CAD 7,350 and issued 147,000 broker warrants to one finder in connection with the transaction. The Broker Warrants entitle the holder to purchase one additional share at a price of CAD 0.05 for a period one year from the closing date.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.