On February 9, 2023, Northern Superior Resources Inc. closed the transaction. The shares issued in connection with the transaction are subject to a hold period of four months plus a day from the closing under applicable securities laws, which hold period expires on June 10, 2023. The company paid finder?s fee in the amount of CAD 70,000 to an eligible intermediary in connection with the closing.

The transaction included participation from 18 placees including aggregate existing insider involvement from 4 placees of 1,700,000.