On January 17, 2023, Equity Metals Corporation closed the transaction. The company amended the terms of the transaction. The company issued 23,545,233 units for gross proceeds of CAD 2,742,649.26. The company issued 10,500,000 non-flow-through units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,050,000 in its second tranche closing. Securities issued pursuant to the final tranche of the transaction include common shares, share purchase warrants and finder's warrants issued as finder's fees, all of which carry a legend restricting trading of the securities until May 17, 2023. In connection with the transaction, the company paid finders' fees comprised of an aggregate CAD 56,155.68 and 490,764 non-transferable finder warrants, with each finder warrant exercisable to purchase one common share for a period of 3 years at a price of CAD 0.15. The transaction and payment of finders' fees is subject to TSX Venture Exchange approval. The transaction included participation from two insiders for an aggregate 583,333 flow-through units. The company raised CAD 348,190 in funding from 22 investors with respect to exemption provided under Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 53 placees and 4 pro groups for 1,253,000 flow-through units.