On April 12, 2022, Fidelity Minerals Corp. closed the transaction. The company issued 9,925,000 units at CAD 0.10 per unit for gross proceeds of CAD 992,500.

The transaction was oversubscribed. The transaction included participation from existing investor Lions Bay Capital Inc. for 3,500,000 units, and by management for 1,245,000 units. The transaction included participation from total 15 placees, including Insiders Kraven Geological Inc. for 525,000 shares, and Byrne Private Pension Fund for 720,000 shares.

All securities issued in the transaction are subject to a four month hold period that expires on August 13, 2022. The company paid no finders fees in the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.