On November 3, 2023, Manning Ventures Inc. closed the transaction. The company now issued 11,322,721 units at an issue price of CAD 0.09 per unit for the gross proceeds of CAD 1,019,044.89. Each Unit is comprised of one common share and one common share purchase warrant.

Each Warrant entitles the holder thereof to purchase one additional Share at an exercise price of CAD 0.12 per Warrant Share, for a period expiring on the date that is 12 months from the date of issuance. The Company paid to certain arm?s length finders a cash fee in the aggregate amount of CAD 30,785.65 and issued to the Finders an aggregate of 342,063 Share purchase warrants representing 7.0% of the proceeds raised from those purchasers introduced by such Finder and 7.0% of the total number of Units sold to investors introduced by such Finder, respectively. Each Finder?s Warrant entitles the holder thereof to acquire one Share at a price of CAD 0.12 per Finder?s Warrant Share, for a period expiring on the date that is 12 months from the date of issuance.

Certain insiders of the Company participated in the Offering and subscribed for an aggregate of 3,861,110 Units for gross proceeds of CAD 347,499.90. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. The company has raised CAD 41,000.04 ($30,067) in the transaction pursuant to regulation D.