Transition Metals Corp. announced a private placement to issue 1,897,000 units at an issue price of CAD 151,760, 4,250,000 flow through units at a price of CAD 0.10 per FT Unit for aggregate proceeds of CAD 425,000 and 3,623,750 special flow through units at a price of CAD 0.1168 per Special FT Unit for aggregate proceeds of CAD 423,254. on June 19, 2023.

Each Units, FT Units and Special FT Units consist of a common share and a half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of CAD 0.15.The company paid the finder's fees in cash for aggregate amount of CAD 28,800, representing an aggregate commission of 6% of the Private Placement sold to investors introduced by Finders. In addition, a total of 324,750 broker warrants have been issued to the Finders.

Each broker warrant will entitle the holder to purchase a Common Share for a period of 24 months from closing at a price of CAD 0.15. The transaction also included participation from certain directors and officers.