On July 2, 2021, Teras Resources Inc. closed the transaction. The company amended the terms of the transaction and issued 21,497,000 units for a gross proceeds of CAD 1,074,850. The company has paid finders' fee of CAD 30,810 in cash and issued 581,000 B warrants in the transaction with finder's fees to PI Financial Corp., of CAD 1,750 in cash; Research Capital, CAD 22,050 in cash and 441,000 broker warrants; GloRes Securities Inc., CAD 7,000 in cash and 140,000 broker warrants. Each broker warrant is exercisable at CAD 0.05 per share for a period of two years from the date of issuance. The transaction included participation from 15 placees and a pro group for 100,000 units. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.