On January 3, 2024, Nortec Minerals Corp. closed the transaction. The company issued 2,428,569 units at an issue price of CAD 84,999.915. Each unit consists of one common share issued as a flow-through share and one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one non-flow-through common share at an exercise price of CAD 0.05 until the date that is thirty-six months following the date of issuance of the Warrants. No finders? fees are payable in respect of the Private Placement. All securities issued under this Private Placement are subject to a hold period of 4 months and 1 day from the date of issuance. The financing is subject to approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees including pro group involvement of 4 pro groups for 2,428,569.