On December 19, 2023, Goldstorm Metals Corp. closed the transaction. The company amended the terms of the transaction. The company issued 2,045,000 non-flow-through units at a price of CAD 0.18 per NFT Unit for the gross proceeds of CAD 368,100 in its final tranche for the total of 2,506,556 non-flow-through units at a price of CAD 0.18 for the aggregate gross proceeds of CAD 451,180 and 9,335,000 flow-through units at a price of CAD 0.20 per unit for the aggregate gross proceeds of CAD 1,867,000 for the total aggregate gross proceeds of CAD 2,318,180. No finder's fee, commission, bonus or other compensation was paid in connection with the second tranche. A total of 1,022,500 warrants were issued under the second tranche. All securities issued pursuant to the second tranche are subject to a hold period expiring on April 20, 2024. The offering remains subject to final acceptance from the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 13 placees.