On December 21, 2021, Kingman Minerals Ltd. closed the transaction. The company has issued 13,845,000 units for gross proceeds of CAD 692,250 in the transaction. The transaction included participation from 25 investors. The warrants are exercisable until December 21, 2025. No insiders or pro-group members participated in this placement. A finder's fee of CAD 19,455 in cash and 194,550 finder's warrants were paid to Canaccord Genuity Corp. Each finder's warrant is exercisable at CAD 0.075 for a four-year period. The filing documentation with respect to the transaction has been accepted by TSX Venture Exchange.