On August 30, 2023, Nevada Zinc Corporation closed the transaction. The company announced that it has issued 1,750,000 units at a price of CAD 0.04 per unit for gross proceeds of CAD 70,000. Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued in the private placement are subject to a four month hold period, expiring on December 31, 2023.

Completion of the offering is subject to the receipt of all regulatory approvals, including final approval of the TSXV. Directors and officers of the company subscribed for all of the units issued in the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 2 placees including existing insider involvement of 2 insiders for 1,750,000.