On March 6, 2023, Callinex Mines Inc. closed the transaction. The company issued 1,120,366 units at a price of CAD 3.15 per unit for proceeds of CAD 3,529,153 and 1,036,900 flow-through units at a price of CAD 5.67 per flow-through unit for proceeds of CAD 5,879,223 for aggregate gross proceeds of CAD 9,408,376 which included partial exercised over allotment option. The securities issued under the Offering will be subject to restrictions on resale expiring July 7,2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 17 placees including pro group involvement of one group for 100,000 shares.