On August 19, 2021, Puma Exploration Inc. closed the transaction. The transaction included participation from 25 placees including two insiders for CAD 128,000, Rejean Gosselin, Michel Fontaine for 200,000 shares each and pro group for 50,000 shares. The insiders is exempt from the formal valuation and minority shareholder approval requirements, pursuant to sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, on the basis that the fair market value of such participation or the consideration paid by such insiders does not exceed 25 per cent of the market capitalization of the company. Each warrant gives its holder the right to purchase one common share at a price of 50 cents per share until August 19, 2023. The company has paid cash finders' fees totaling CAD 81,920 and issued 256,000 finders' warrants, each entitling the holder to acquire one additional common share of Puma at a price of 50 cents for 24 months until August 19, 2023. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company received CAD 945,065.6117 from 3 investors pursuant to Regulation D.