On September 11, 2023 Zephyr Minerals Ltd closed the transaction through the issuance of 296,000 at a price of CAD 0.09 per Unit for gross proceeds of CAD 26,640 in its final tranche bringing the total funds raised in the transaction to CAD 360,000.The securities issued under the Private Placement are subject to a statutory hold period of four (4) months and a day expiring on January 12, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 16 placees, 3 existing insiders for 394,000 units. The company has paid finder's fees of CAD 17,073 in cash and issued 189,700 warrants.