On October 18, 2021, Niocan Inc. closed the transaction, The company has amended the terms of the transaction. The company has issued 25,915,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 2,591,500. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share until October 15, 2023 at an exercise price of CAD 0.12. Insiders of the Company subscribed for an aggregate of 700,000 Units under the Offering. All Common Shares and Warrants issued pursuant to the Offering are subject to a four-month hold period under applicable securities laws in Canada. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 53 placees, insiders 9288-1846 Quebec Inc. (Hubert Vallee) for 100,000 units; returning investor Benevest Inc. for 250,000 units; Bruno Dumais, Chief Financial Officer of the company, for 250,000 units; Guy Charette, Director of the company for 100,000 units, and a pro group for 650,000 units. The company paid Palos Wealth Management Inc. a cash commission of CAD 161,800 and issued 1,011,250 common share purchase warrants to purchase 1,011,250 common shares at a price of 15 cents per share until Oct. 15, 2023.