On June 8, 2021, E-Tech Kalapuse Mining (Pty) Ltd. closed the transaction. The company has issued 20,000,000 subscription receipts at a price of CAD 0.25 per receipt for gross proceeds of CAD 5,000,000 in the transaction. The transaction includes participation from 61 placees including Birchpoint Holdings Inc. for 800,000 receipts, Torrent Capital Ltd. for 1,290,000 receipts, John Philpott for 120,000 receipts, Ken Marshall for 100,000 receipts, Garry Stewart for 80,000 receipts, and Chris Drysdale for 40,000 receipts.

The securities issued are subject to four-month statutory hold period expiring on October 9, 2021. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.