On January 15, 2021, Victory Metals Inc. (TSXV:VMX) closed the transaction. The company has issued 5,237,200 subscription receipts for gross proceeds of CAD 2,880,460 in its second tranche bringing the total funds raised in the transaction to CAD 18,043,796.10. The transaction is subject to final approval of the TSX Venture Exchange. The receipts are subject to a hold period under applicable Canadian securities law expiring on May 16, 2021. The company paid cash finder's fees in an aggregate amount of CAD 662,487.53 in the transaction including CAD 159,000.12 to Canaccord Genuity Corp., CAD 226,620 to Desjardins Securities Inc., CAD 6,978.50 to Haywood Securities Inc., CAD 7,425 to National Bank Services Inc., CAD 6,600 to Echelon Wealth Partners Inc., CAD 25,410 to Mackie Research Capital Corporation, CAD 153,236.92 to PI Financial Corp., CAD 55,209 to Raymond James Ltd., and CAD 11,999.99 to Rosewood Capital Corp. TSX Venture Exchange has accepted filing documentation with respect to the transaction will included participation from 253 placees including returning investor Palisades Goldcorp Ltd. for 200,000 receipts, individual investor Douglas Foster for 100,000 receipts, and 20 aggregate professional group involvement for 1,829,126 receipts.