On May 11, 2023, GoviEx Uranium Inc. closed the transaction. The transaction included participation from accredited investor for up to 28,571,400 units and the listed issuer 57,142,800 units. The warrants will expire on May 11, 2025.

The company paid a cash commission equal to 6% of the aggregate gross proceeds and number of compensation warrants equal to 3% of the number of units sold in the transaction to the underwriters. The transaction is subject to receipt of final approval by the TSX Venture Exchange. The company received CAD 3,117,952 from 2 investors, and received 518,850 broker warrants pursuant to Regulation D in the transaction.

The transaction included participation from overall 34 placees.