On June 9, 2023, Baselode Energy Corp. closed the transaction. The company issued 870,000 flow-through units at an issue price of CAD 0.48 per FT unit for gross proceeds of CAD 417,600. In connection with the final tranche, the company paid total cash commissions of CAD 25,056 and issued 52,200 compensation warrants. Each compensation warrant entitles the holder thereof to purchase one common share at a price of CAD 0.48 at any time on or before June 9th, 2025.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 42 placees.