On November 3, 2023, Volta Metals Ltd., closed the transaction. The company issued 1,100,000 common shares at a price of CAD 0.20 per share for the gross proceeds of CAD 220,000. The company paid a cash commission to a certain finder of an aggregate of CAD 6,400.

The flow-through shares issued under the offering will be subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws. The closing of the offering is subject to certain conditions including, but not limited to, the final acceptance of the Canadian securities exchange. Certain directors and officers of the company subscribed to the offering for an aggregate of 700,000 flow-through shares.