On December 24, 2021, Canterra Minerals Corporation closed the transaction. The company has issued 3,692,500 flow-through common shares for gross proceeds of CAD 1,107,750 in the transaction. The shares are subject to a statutory hold period expiring four months and one day from the closing date of the transaction, being April 25, 2022. The company has paid finder's fees totaling CAD 51,240, in connection with the transaction in accordance with the TSX Venture Exchange policies.

The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 26 placees and Pro groups for 183,667 shares from two placees. The company paid finder;s fee to Topleft Securities Ltd of CAD 36,000, Odlum Brown Ltd of CAD 1,440 and Echelon Wealth Partners Inc for CAD 13,800.