On December 20, 2022, Exploits Discovery Corp. closed the transaction. The company amended the terms and issued 16,370,899 flow-through common shares at an issue price of CAD 0.27 for the gross proceeds of CAD 4,420,143.

The transaction included participation from returning investor Eric Sprott who have acquired 3,703,703 flow-thorough Shares pursuant to the private placement for aggregated consideration of CAD 999,999.80. Prior to acquisition, the investor owned and controlled 21,450,367 shares and 14,666,667 Warrants, representing approximately 18.1% of the issued and outstanding Shares on a non-diluted basis, and approximately 27.2% on a partially diluted basis assuming exercise of such Warrants and post the acquisition, the investor beneficially owns and controls 25,154,070 Shares and 14,666,667 Warrants representing approximately 18.7% of the issued and outstanding Shares of the Company on a non-diluted basis and approximately 26.7% of the issued and outstanding Shares of the Company on a partially diluted basis assuming exercise of such warrants. The company paid CAD 150,071.63 to eligible finders.

All securities issued under the Offering are subject to a hold period until April 21, 2023, in accordance with applicable securities legislation and the policies of the Canadian Securities Exchange.