On December 28, 2023, Empire Metals Corp. closed the transaction. The company has now issued 2,400,000 flow-through units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 144,000 and 1,266,667 non flow-through units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 76,000.02; for aggregate total gross proceeds of CAD 220,000.02. The transaction included participation from one insider of the company for 166,667 units or CAD 10,000, comprising 4.5% of the total amount raised. The transaction has been approved by the board of directors of the company and the TSX Venture Exchange. The units are restricted from trading until April 29, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 13 placees and 2 existing insiders for 333,334 units.