On October 13, 2023, Cymat Technologies Ltd. closed the transaction. The company issued 4,760,600 units at an issue price of CAD 0.25 per share for the gross proceeds of CAD 1,190,150. Each unit consists of one Common Share and one half of a Common Share Purchase Warrant. Each full Warrant entitled the holder to purchase one Common Share at a price of CAD 0.40 for a twenty-four month period. The company will issue 4,760,600 Common Shares and 2,380,300 Common Share Purchase Warrants. No finder?s fees, broker warrants, or similar compensation were issued in connection with this Offering. The company has received conditional approval for this Offering from the TSX Venture Exchange, with final approval expected to follow shortly with the completion of the administrative process.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 11 placees.