On May 26, 2022, Galway Metals Inc. closed the transaction. The company has issued 6,666,700 common shares of the company that qualify as flow-through shares at a price of CAD 0.60 per flow-through share for proceeds of CAD 4,000,020 and 15,294,200 common shares of the company at a price of CAD 0.425 per Hard Dollar share for proceeds of CAD 6,500,035, for total aggregate gross proceeds of CAD 10,500,055 in the transaction. The transaction included participation from 17 placees.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company raised $166,120(CAD 212,500.704) from a single investor by issuing securities pursuant to exemption provided under regulation D in the transaction.