On March 2, 2023, District Metals Corp. closed the transaction. The company paid cash commissions of CAD 192,620 to PI Financial Corp.

and CAD 48,155 to Haywood Securities Inc. and issued 950,400 compensation options to PI Financial Corp., 237,600 compensation options to Haywood Securities Inc. and 12,000 compensation options to Leede Jones Gable Inc. Each such compensation option entitles the holder to purchase one common share of the company at a price of CAD 0.15 per share for a period of 36 months from the date of issuance. The offering remains subject to the final approval of the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The transaction included participation from 19 placees including total existing insider involvement for 150,000 (one placee).