On December 8, 2023, Carlyle Commodities Corp., closed the transaction. The company issued 4,501,762 flow-through units at a price of CAD 0.17 per unit for gross aggregate proceeds of CAD 765,299. Each unit consists of one common share and one-half of one share purchase warrant.

Each full Warrant entitling the holder thereof to purchase one non-flow-through common share in the capital of the company at a price of CAD 0.30 per warrant share for a period of twenty-four months following the date of issuance. As a part of the transaction, the company paid a fees of CAD 57,864.98 and 324,941 finder?s warrants. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the date of issue.