On December 17, 2024 Nova Pacific Metals Corp. closed the transaction and issued 6,287,000 flow-through common shares at issue price of CAD 0.42 per FT Share for proceeds of CAD 2,640,540. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

In connection with the Private Placement, the Company paid cash fees of CAD 184,837.80 and issued 440,090 warrants to one qualified finder, Red Cloud Securities Inc. Each warrant is exercisable into one common share of the Company at a price of CAD 0.42 per share for a period of 24 months from the date of issuance