On April 16, 2021, Fidelity Minerals Corp. (TSXV:FMN) closed the transaction. The company issued 9,896,720 units for gross proceeds of CAD 1,237,090.

The transaction included participation from 29 investors including insiders of the company Kraven Geological Inc. for 141,120 units, existing investor Lions Bay Capital Inc. (TSXV:LBI) for 1,056,000 units, and total pro group involvement which includes 2 investors for 1,810,000 units. The warrants issued in the transaction expire on April 16, 2023. All securities issued in the transaction are subject to a four month hold period that expires on August 17, 2021.

The company paid total finders' fees of CAD 30,713 in cash and issued a total of 208,600 broker warrants to eligible finders, which includes CAD 7,700 and 61,600 finder warrants to Red Cloud Securities, CAD 7,875 and 63,000 finder warrants to Research Capital Corp., CAD 4,638 to Luis Zapata, CAD 10,500 and 84,000 finder warrants to Bernd Hogel. Each finder's warrant is exercisable into one common share at a price of CAD 0.15 per share until April 16, 2023. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.