On May 14, 2024, NorthX Nickel Corp. closed the transaction. Each Warrant entitles the holder thereof to acquire one common share of the company at a price of CAD 0.24 at any time until May 14, 2027.

The Warrants are subject to an accelerated expiry date, which comes into effect after November 14, 2024 if the closing price of the common shares of the Company on the Canadian Securities Exchange is equal to or greater than CAD 0.72 for a period of ten consecutive trading days. All securities issued in connection with the Offering are subject to a 4-month statutory hold period, in accordance with applicable securities laws and the policies of the CSE. Certain directors and officers of the Company participated in the Offering and purchased a total of 541,665 Units.

The transaction included participation from Wallbridge Mining Company Limited for CAD 357,000, Mason Resources Inc. for 4,166,667 units at a price of CAD 1,000,000.