On October 18, 2023, Baselode Energy Corp. closed the transaction. The company issued 3,703,749 units of the company at a price of CAD 0.405405 per unit for gross proceeds of up to CAD 1,500,018.345, up to 5,208,333 flow-through units of the company at a price of CAD 0.48 per FT unit for gross proceeds of up to CAD 2,499,999.84, up to 10,000,000 FT units to be sold to charitable purchasers at a price of CAD 0.60 per Charity FT Unit for gross proceeds of up to CAD 6,000,000; and issued 1,386,183 flow-through units at a price of CAD 0.48 for proceeds of CAD 665,367.84 aggregate gross proceeds of CAD 10,665,386.025.

The company paid to the agents an aggregate cash commission of CAD 510,000, equal to 6% of the gross proceeds raised under the FT units and charity FT units. The company also issued to the agents a total of 912,499 warrants of the company, equal to 6% of the number FT units and charity FT units. Each broker warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.405 cents at any time on or before October.

18, 2025.The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement and non-brokered private placement announced September 25, 2023. The company paid Non-brokered finder's fee of CAD 39,922, and 83,170 warrants. The transaction included participation from 27 placees.