On June 8, 2023, GMV Minerals Inc. closed the transaction. The company issued 10,009,864 Units at a price of CAD 0.14 per Unit for gross proceeds of CAD 1,401,381. All securities issued are subject to a four-month hold period which expires on October 3, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 21 placees, The company paid finder's fee of CAD 5,518.80 and issued 39,420 warrants in the transaction. Each warrant entitles the holder to purchase one common share at the price of CAD 0.22 for period of two years from the date of issuance.