On December 22, 2023, Collingwood Resources Corp. closed the transaction. The company amended the terms of the transaction, and issued 1,196,316 common shares at a price of CAD 0.19 per common share for gross proceeds of CAD 227,300.04. The transaction involved participation from two investors, that are directors of the company, for an aggregate of 296,316 common shares. In connection with closing, the company paid cash finders fees in the amount of CAD 10,260, representing 6% of the proceeds received from subscribers introduced to the company by the finder. The securities issued by the company in connection with the transaction will be subject to a four month hold period from the date of issuance. In addition, all 296,316 related shares issued will be subject to an 18 month, post Qualifying Transaction escrow release schedule pursuant to the company?s CPC escrow agreement dated February 5, 2018.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from eight placees and 2 existing insiders for 296,316 shares.