On December 30, 2022, Gelum Resources Ltd. closed the transaction. The company issued 2,001,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 400,200. The company paid finder's fees of CAD 1,820 in cash and issued 9,100 finder?s warrants to Haywood Securities Inc., and CAD 4,900 in cash and issued 24,500 finder?s warrants to Canaccord Genuity Corp.