On September 14, 2023, MTB Metals Corp. closed the transaction. The company issued 5,513,900 flow-through units at an issue price of CAD 0.18 for the gross proceeds of CAD 992,502 and 800,000 non flow-through units at a price of CAD 0.16 per unit for gross proceeds of CAD 128,000; aggregate gross proceeds of CAD 1,120,502.

Each FT unit consists of one common share and one-half of one common share purchase warrant. Each FT warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.25 for a period of 24 months, expiring on September 14, 2025. Each unit consists of one common share and one common share purchase warrant.

Each warrant entitles the holder thereof to purchase one common share of the company at a price of for a period of 24 months, expiring on September 14, 2025. The company paid CAD 50,298 in finders' fees in cash, and the company also issued 280,339 finders' warrants. Each finder's warrant entitles the holder to purchase one common share of the company at a price of CAD 0.16 for a period of 24 months, expiring on September 14, 2025.

All securities are subject to a four-month hold period expiring on January 15, 2024. Insiders' participation totals CAD 100,000 in units and CAD 64,080 in FT units. The transaction will include participation new individual investor Ross J. Beaty acquired 625,000 units at a price of CAD 0.16 per Unit for an aggregate purchase price of CAD 100,000.

Prior to the Transactions, Beaty owned, directly or indirectly, or exercised control or direction over, 8,333,334 Common Shares and 8,333,334 Warrants. The 8,333,334 Common Shares represented approximately 7.78% of the issued and outstanding Common Shares. If all of the Warrants held by investor were exercised, would have owned, directly or indirectly, or exercise control or direction over, approximately 14.45% of the issued and outstanding Common Shares on a partially diluted basis.

After completion of the Transactions, the investor now owns directly or indirectly, or exercises control or direction over, 7,958,334 Common Shares and 8,958,334 Warrants. The 7,958,334 Common Shares represent approximately 7.02% of the issued and outstanding Common Shares. If all of the Warrants held investor were exercised, he would own, directly or indirectly, or exercise control or direction over, approximately 13.83% of the issued and outstanding Common Shares on a partially diluted basis.

The company has received $5,919 (CAD 7,948.92105) in funding pursuant to Regulation D. The transaction has been approved by the TSX Venture Exchange. The total insiders involvement is CAD 981,000 (three insiders) and the total existing pro group involvement is CAD 981,000 (three insiders). The transaction included participation from 14 placees.