On October 14, 2021, Nicola Mining Inc. closed the transaction. The company paid CAD 34,999.98 as finder's fees to Bank of Montreal for certain subscriptions in the offering. All securities issued in connection with the offering are subject to a statutory hold period expiring February 15, 2022. The transaction included participation from an insider Peter Espig for 208,336 flow-through shares. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 7 placees including pro-group involvement of one placee for 1,458,333 shares.