On October 26, 2023, Arbor Metals Corp. closed the transaction. The company issued 1,756,000 units at an issue price of CAD 1.25 per unit for the gross proceeds of CAD 2,195,000 in third and final tranche. The company has issued 1,756,000 units at an issue price of CAD 1.25 per unit for the gross proceeds of CAD 2,195,000 and 1,870,000 units at an issue price of CAD 1.5 per unit for the gross proceeds of CAD 2,805,000; aggregate gross proceeds of CAD 5,000,000 in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 4 placees.