On November 1, 2023, Alta Copper Corp., closed the transaction. The company issued total of 2,068,290 common shares at a price of CAD 0.50 per share for the gross proceeds of CAD 1,034,145 in the transaction. Common shares will be subject to a mandatory four-month and one day hold period, in accordance with applicable securities law.

The private placement remains subject to the final approval of the Toronto Stock Exchange.