On April 27, 2023, Northern Graphite Corporation, closed the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 26 placees and 13 pro groups for 1,919,999 units.

The company has paid finder's fees of CAD 135,000 in cash and issued 180,000 warrants. The transaction included participation from 26 investors including 13 pro groups for 1,919,999 units.