On December 5, 2022, Metalex Ventures Ltd. closed the transaction. The company has issued 18,117,000 flow through units at an issue price of CAD 0.06 and 1,000,000 non flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,137,020. Combined with the first tranche, the Placement has resulted in gross proceeds of CAD 2,279,120 from the issuance of 37,152,000 flow-through units and 1,000,000 units.

The company has paid the finder' s fees CAD 78,752 were paid and 1,435,028 finders' Warrants were issued in connection with this tranche of the transaction. The company accepted TSX Venture exchange filing.The transaction included participation from 12 placees.