On August 30, 2022, Cruz Battery Metals Corp. closed the transaction. The company paid cash finder's fees of CAD 195,364.80 and issued 1,924,304 non transferrable share purchase warrants to certain finders as a finder's fee in connection with the offering.

Each finder's warrant entitles the holder thereof to acquire one Share at a price of CAD 0.15 or CAD 0.19 per finder's warrant share for a period of five years from closing of the offering. The company has raised CAD 40,400 pursuant to exemption provided under Regulation D from single investor.