On June 3, 2021, International Consolidated Uranium Inc. (TSXV:CUR) closed the transaction. The company issued an aggregate of 5,000,400 units for aggregate gross proceeds of CAD 9,000,720 in the transaction. The transaction included participation from existing investor Mega Uranium Ltd. (TSX:MGA) for CAD 482,000, 60 placees including insider participation from Philip Williams,Chief Executive Officer for 20,000 units, Peter Mullens from Mullens Family Superannuation Fund for 33,333 units, and Gregory Duras, Chief Financial Officer for 25,000 units, and from pro group involvement of 2 placees for 21,000 units.

The company raised $408,523 (CAD 494,823.4838) from four investors pursuant to Regulation D in the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.