On August 4, 2023, Mink Ventures Corporation closed the transaction. The company issued 421,000 hard dollar units at a price of CAD 0.15 per HD unit for the gross proceeds of CAD 63,150 in its third and final tranche. No flow-through (FT) units at a price of CAD 0.18 per FT unit were issued in this tranche. The company raised total gross proceeds of CAD 386,659.74 in the transaction. The company paid aggregate finders' fees for all tranches totaling CAD 22,080.45 in cash and issued 140,105 finders' warrants. Each finder's warrant entitles the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of CAD 0.20 for the first 18 months and an exercise price of CAD 0.25 for the remaining 18 months. Certain directors and officers of the company purchased an aggregate of 100,000 FT units pursuant to the transaction. All securities issued in this closing are subject to statutory four month plus one day hold periods expiring on December 5, 2023. The transaction remains subject to obtaining final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 18 placees including existing insider involvement of two insiders for 100,000.