On June 7, 2022, Max Resource Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 2,500,000 units for gross proceeds of CAD 1,500,000 for brokered placement and 1,500,000 units for aggregate gross proceeds of CAD 900,000 for non-brokered private placement. The transaction included participation from 2 placees. The Company paid to Cormark a cash commission in the amount equal to 6% of the gross proceeds of the Brokered Offering or CAD 144,000 and issued 150,000 broker warrants to Cormark with each Broker Warrant entitling the holder to acquire one Common Shares at an exercise price of CAD 0.85 for a period of 12 months following the date of issuance.

In addition, in connection with the Non-Brokered Offering, Cormark received from the Company a cash finder's fees totaling CAD 54,000 and an aggregate of 90,000 finder's warrants, with each each Finder's Warrant entitling the holder to acquire one Common Share at an exercise price of CAD 0.85 for a period of 12 months following the date of issuance. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company received $6,634,997 (CAD 8,519,999.6477) from 2 investors pursuant to exemption provided under Regulation D.