On August 14, 2023, ISM Resources Corp. closed the transaction. The company has issued 5,714,285 flow-through units at an issue price CAD 0.35 per unit for gross proceeds of CAD 1,999,999.75 in its second tranche.

Each flow-through unit consists of one flow-through common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share, at an exercise price of CAD 0.70 per warrant share until August 14, 2025. The securities issued pursuant to the offering are subject to a four-month hold period ending on December 15, 2023, under applicable Canadian securities laws.

The company has paid finder's fee of approximately CAD 60,588 in cash and 173,109 finder?s warrants. Each finder?s warrant entitles the holder thereof to acquire one common share of the company at CAD 0.70 until August 14, 2025.