On October 25, 2022, GoviEx Uranium Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 46,213,000 units which includes a partial exercise of the over-allotment option, at a price of CAD 0.22 per unit for aggregate gross proceeds of CAD 10,166,860.

The company paid a cash commission equal to 6% of the units sold under the transaction to Sprott and a finder. The transaction is subject to receipt of final approval by the TSX Venture Exchange. All securities issued pursuant to the private placement have a hold period ending February 26, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 45 placees including existing insider involvement of four placees for 277,000.