On December 8, 2021, Fireweed Zinc Ltd. closed the transaction. The company has issued 6,473,000 shares at a price of CAD 0.80 for gross proceeds of CAD 5,178,400 in the transaction. The transaction was over-subscribed.

The transaction included participation from insiders of the company including Brandon Macdonald for 7,500 common shares and George Gorzynski for 15,000 shares. The transaction included participation from 24 placees including total pro group involvement CAD 15,000 (one placee). The company paid finder's fee of CAD 93,144 cash and 116,430 finder's warrants to Haywood Securities Inc. and CAD 10,560 cash and 13,200 finder's warrants to Canaccord Genuity Corp.

Each non-transferable finder's warrant is exercisable into one common share of the company at a price of CAD 0.70 per share for a one-year period. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.