On May 4, 2023, Majuba Hill Copper Corp. closed the transaction. The company now issued 10,150,000 Units at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 1,522,500.

Each Unit comprising one common share and one share purchase warrant, whereby each Warrant shall be convertible into an additional Share at an exercise price of CAD 0.40 for a period of 12 months from the date of issuance. All securities issued in connection with the transaction are subject to a four month and a day hold period expiring on September 4, 2023, in accordance with applicable Canadian Securities Laws. The transaction was oversubscribed.