On May 19, 2023, Wedgemount Resources Corp. closed the transaction. The company issued 5,375,000 units at an issue price of CAD 0.17 per unit for the gross proceeds of CAD 913,750.

Each Unit entitled the holder to receive one common share and one transferable Common Share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at CAD 0.30 until May 19, 2025, subject to an accelerated expiry provision, whereby in the event the closing price of the Company's Common Shares on the Canadian Securities Exchange exceeds CAD 0.60 for a period of 20 consecutive trading days, at the Company's election, the period within which the Warrants are exercisable, will be reduced and the holders of the Warrants will be entitled to exercise their Warrants for a period of 30 days commencing on the day the Company provides notice, any outstanding Warrants not exercised during the 30 day period will expire. In connection with the transaction, the Company paid finder's fees of CAD 36,652, equal to 7% of the total proceeds raised by eligible finders, and issued 215,600 finder warrants, equal to 7% of the number of Units sold by eligible finders.

The Finder Warrants are exercisable at CAD 0.30 until May 19, 2025, subject to the Accelerated Expiry Provision.