On May 11, 2023, Cleghorn Minerals Ltd. closed the transaction. Each Unit comprised of one common share and one non-transferable common share purchase warrant, each Warrant entitling the holder to purchase one common share of the Company at a per share price of CAD 0.07 until May 18, 2025.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from five placees including aggregate existing insider involvement of four insiders for 2,023,827 shares