On July 26, 2022, GPM Metals Inc. closed the transaction. The company amended the terms of the transaction. The company has now issued 4,912,500 units at price of CAD 0.08 for total gross proceeds of CAD 393,000 in the transaction.

The transaction included participation from insiders of the company for 2,600,000 units for proceeds of CAD 208,000. All of the securities issued and issuable in the transaction are subject to a statutory hold period expiring on November 27, 2022. TSX Venture Exchange has accepeted for filing documentation with respect to the transaction.

The transaction includes participation from 13 placees including Daniel Noone for 625,000 shares, Peter Walsh for 100,000 shares, 1283676 Alberta Ltd for 625,000 shares, Rosseau LP for 1.25 million shares.