On October 20, 2023, LithiumBank Resources Corp. closed the transaction. The company has now issued 3,506,500 units at a price of CAD 1 per unit for aggregate total gross proceeds of CAD 3,506,500. The transaction is subject to final acceptance of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 52 placees, 8 existing insiders for 970,000 shares and 485,000 warrants and 4 pro groups for 300,000 shares and 150,000 warrants. The company has paid finder's fees of CAD 41,640 in cash and issued 40,290 warrants in the transaction. The company has received CAD 310,000 ($226,021) pursuant to Regulation D and included participation from 2 investors. The company has paid CAD 600($437) in cash as finder's fee and issued 600 finders warrants to Leede Jones Gable Inc.