On December 31, 2021, Quadro Resources Ltd. closed the transaction. The company issued 3,660,000 units for CAD 0.05 per unit for gross proceeds of CAD 183,000 and issued 4,553,333 flow-through units for CAD 0.06 per unit for gross proceeds of CAD 273,200; for aggregate gross proceeds of CAD 456,200. A cash finders' fees totaling CAD 18,860 will be paid.

All securities issued pursuant to this financing are subject to a 4 month-plus-one-day hold, expiring May 1, 2022.