On January 17, 2023, Melkior Resources Inc. closed the transaction. The company issued 156,500 common shares at an issue price of CAD 0.20 per share for the gross proceeds of CAD 31,500 in the second and final tranche and is subject to TSXV exchange approval. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from two placees.