On September 26, 2023, Golden Arrow Resources Corporation closed the transaction. The company amended the terms of the transaction and issued 11,709,357 units at a subscription price of CAD 0.07 per unit for aggregate gross proceeds of CAD 819,655. Each Unit will consist of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at CAD 0.15 per share for three years from the date of issue expiring on September 26, 2026. The company has paid CAD 23,877.70 as finder?s fees and issued 341,110 non-transferable finder's warrants as a finder?s fees. Each finder?s warrant will entitle the holder to acquire one common share at a price of CAD 0.15 per share for three years from the date of issue expiring on September 26, 2026. The transaction includes participation of certain insiders of the company for CAD 45,710 in units. The transaction is subject to the approval of regulatory authority. All the securities issued in the transaction are subject to a hold period of four-month expiring on January 26, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 25 placees including existing insider involvement of 3 insiders for 653,000 and pro group involvement of three pro groups for 300,000.