On May 16, 2024, Zonte Metals Inc. closed the transaction. The company issued 625,000 units in its third and final tranche. The company issued a total of 1,705,000 common share units at a price of CAD 0.08 per common share unit for gross proceeds of CAD 136,400; and 2,982,220 flow through share units at a price of CAD 0.09 per flow-through share unit for gross proceeds of CAD 268,399.8; for aggregate gross proceeds of CAD 404,799.8. Each unit consists of one common share and one common share purchase warrant expiring May 3, 2026. The company paid CAD 28,672 in cash and issue 330,578 finders? warrants to three eligible finders, all of whom are at arm?s length to the company. Each finders? warrant is exercisable until November 3, 2025, to purchase one common share at a price of CAD 0.18 per share.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 11 placees and 1 existing insider for 200,000 flow-through units and 100,000 common shares units.