On August 17, 2023, Inflection Resources Ltd., closed the transaction. The company issued 7,107,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 1,776,750. Each Unit consists of one common share and one half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of CAD 0.40 for a term of 18 months.

As a part of the transaction, the company paid a cash finder?s fees of CAD 53,700 and 214,800 finder?s warrants exercisable at CAD 0.40 per common share for an 18-month term. The transaction was oversubscribed. Insiders of the company purchased a total of 1,675,000 Units.

All securities issued are restricted from trading until December 18, 2023.