On November 15, 2023, C3 Metals Inc. closed the transaction. The company issued 115,000,000 common share at a issue price of CAD 0.07 per share for the gross proceeds of CAD 8.050,000. The transaction included participation from three investors. In connection with the Offering the Company paid certain eligible finders cash commissions in the aggregate of CAD 42,600 and an advisory fee of CAD 107,100. All securities issued in connection with the Offering are subject to a hold period expiring on March 16, 2024 and the resale rules of applicable securities legislation. The Offering is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 11 placees including aggregate pro group involvement of one placee for 1,500,000.