On February 22, 2023, Bitterroot Resources Ltd. closed the transaction. The company issued 1,500,000 units at an issue price of CAD 0.04 per unit for gross proceeds of CAD 60,000 in its second tranche. The company issued 5,000,000 units at an issue price of CAD 0.04 per unit for gross proceeds of CAD 200,000 in the transaction.

Each unit consists of one common share and one half of a common share purchase warrant exercisable at CAD 0.08 for two years. The securities issued pursuant to the transaction are subject to hold periods expiring May 28, 2023 and June 22, 2023. No finder's fees or other compensation was paid.

The company announced that the transaction has been approved by the TSX Venture Exchange.