On December 19, 2022, Enerev5 Metals Inc. closed the transaction. The company amended the terms of the transaction. The company issued 7,850,000 units for gross proceeds of CAD 392,500.

The securities issued are subject to a hold period of four months plus a day from closing. The company has completed a third tranche of the private placement, subject to final acceptance by the TSXV, with the issue and sale of 2,000,000 Units at a price of CAD 0.05 per unit for gross proceeds of CAD 100,000. The transaction included participation from William F. White for 1,000,000 units sold in the third and final tranche.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from three placees including existing insider involvement of one placee for 2 million.