On April 24, 2023, Universal Copper Ltd. closed the transaction. The private placement was oversubscribed by 10%. The company has issued 52,810,200 units for gross proceeds of CAD 1,320,255. The Company has agreed to pay a 7% finder's fee comprising CAD 28,210.35 in cash and 1,128,414 non-transferable finder's warrants.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 26 placees.