On November 1, 2023, DLP Resources Inc. closed the transaction. The company now issued 2,622,000 units at an issue price of CAD 0.50 per unit for the gross proceeds of CAD 1,311,000. In aggregate under the Private Placement, the Company issued 6,622,250 Units at a price of CAD 0.50 per Unit for gross proceeds of CAD 3,311,125, exceeding the Company?s initial announcement by CAD 311,125. The Company received an extension from the TSX Venture Exchange to closing of the Private Placement until November 3, 2023. Each Unit consists of one common share and one common share purchase warrant. Each Warrant entitles the holder to purchase one Share for a period of twenty-four months from the date of issue at an exercise price of CAD 0.80 per Warrant Share, subject to an acceleration clause in the event the trading price of the Shares equals or exceeds CAD 1.10 for a period of 20 consecutive days. The securities offered in the Second Tranche are subject to a four month and a day transfer restriction from the date of issuance expiring on March 2, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. In connection with the Private Placement, the Company paid certain finders, including Haywood Securities Inc., Canaccord Genuity Corp., Vanhart Capital Corp. and Wendy Thompson, the following finders? fees a cash commission in the aggregate amount of CAD 44,389, being up to 7.0% of the gross proceeds raised under the Private Placement from investors introduced to the Company by such finders; and issued 88,778 non-transferable common share purchase warrants being equal to 7.0% of the Units sold under the Private Placement from investors introduced to the Company by such finders. Each Finder's Warrant entitles the holder thereof to purchase one Share of the Company at a price of CAD 0.50 per Share for a period of two years from the date of issuance. The transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 14 placees including existing insider involvement of 1 insider for 50,000 and pro group involvement of two pro groups for 180,000.