On April 27, 2023, Galway Metals Inc. closed the transaction. The company amended the terms of the transaction. The company received CAD 4,000,020 in funding consisting of the sale of 6,666,700 common shares at a price of CAD 0.60 per flow-through shares.

The agents received a cash commission of CAD 240,001.20 and 200,001 compensation options. Each compensation option is exercisable to acquire one common share of the company on a non-flow through basis at a price of CAD 0.60 per compensation option share, for a period of 24 months following the closing of the offering. The offering is subject to final regulatory approval, and all securities issued and issuable pursuant to the offering have a hold period of four months and one day.

The transaction included participation from 4 placees.