On May 24, 2023, Opawica Explorations Inc. closed the transaction. The company issued 6,379,998 units for total gross proceeds of CAD 638,000. All shares issued in the financing are subject to a statutory holding period.

One third of the shares are subject to the minimum of four months and one day hold, one third of the shares issued are subject to a holding period of eight months and one third of the share issued are subject to a hold period of twelve months from the date of issue. The transaction was oversubscribed. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 21 placees, existing insider involvement of three insiders for 2,650,000 and pro group involvement of two pro groups for 350,000.