On February 14, 2023, Vendetta Mining Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 18,699,974 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 834,998.70. In connection with the private placement, the company paid finders' commissions of CAD 9,100 and incurred additional closing costs of CAD 34,665. All securities issued pursuant to the private placement are subject to a hold period expiring on June 15, 2023, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 19 placees, 1 existing insider for 3,182,400 units and 1 pro group for 150,000 units. The company has received $213,485 (CAD 284,895.7325) from 7 investors pursuant to exemption provided under Regulation D.