On December 2, 2022, Altima Resources Ltd. closed the transaction. The company issued 3,900,000 units at an issue price of CAD 0.05 per unit for proceeds of CAD 195,000 in its second and final tranche closing. The company paid CAD 7,200 as cash and 144,000 compensation warrants were issued as part of finders fee in connection with this second and final tranche closing.

The securities issued in the transaction are subject to a hold period expiring April 2, 2023. The second tranche is subject to further review and approval by the TSX Venture Exchange. TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche.