On April 21, 2023, Kodiak Copper Corp. closed the transaction. The company has amended the terms of the transaction.

The company has issued 1,532,654 charity flow-through shares at price of CAD 1.32 for the gross proceeds of CAD 2,023,103 and 1,461,090 flow-through units at a price of CAD 0.96 for the gross proceeds CAD 1,402,646 for aggregate gross proceeds of CAD 8,402,749. Each FT Warrant issuable under the Concurrent Financing will entitle the holder to purchase one nonflow-through Common Share at an exercise price of CAD 1.10 for a period of 24 months following the closing date. Further, in the event that the Common Shares' price closes at or above CAD 1.70 on the TSX Venture Exchange for 20 consecutive trading days, the Company may, within 15 days of the occurrence of such event, deliver a notice to the holders of the FT Warrants accelerating the expiry date of the FT warrants to the date that is 30 days following such notice, and any unexercised FT warrants after such period shall automatically expire.

The Common Shares, the FT warrants and the Warrant Shares are subject to a four month hold period, expiring on August 22, 2023. The Concurrent Financing remains subject to final acceptance of the TSX-V. The transaction included participation Teck Resources Limited for 592,593 units. The transaction also included participation from Chris Taylor and other insiders of the company for 301.042 flow through units The company has paid a finders fees of CAD 73,278.

The transaction included participation from three insiders, 64 placees and one pro group in the transaction.