On November 26, 2021, Sherpa II Holdings Corp. closed the transaction. Each warrant issued under the units entitles the holder thereof to purchase one additional common share at an exercise price of CAD 0.12 until November 26, 2023 and each warrant issued under the flow-through units entitles the holder thereof to purchase one additional non-flow through common share at an exercise price of CAD 0.15 until November 26, 2023. The securities issued under the Offering are subject to a four-month hold period expiring March 27, 2022. The transaction included participation from Thomas O'Neill, the Chief Executive Officer of the Company, for 120,000 units and 750,000 flow-through units, Carson Halliday, the Chief Financial Officer of the company, acquired 12,500 units, Galen McNamara, a director of the company, acquired 200,000 units and 500,000 flow-through units and Robert Scott, a director of the Company, acquired 200,000 units and 100,000 flow-through units, pursuant to the transaction. There are 16 placees in the transaction.