On November 10, 2022, Phenom Resources Corp. closed the transaction. The company has issued 6,097,000 units for gross proceeds of CAD 1,829,100.

The company received its second and final tranche. The company issued 2,006,666 units for gross proceeds of CAD 601,999.80. The company paid a total of CAD 8,700 as finders' fees in the second tranche.

All securities issued under the second tranche are subject to a hold period expiring March 11, 2023, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The company paid finders' fees of CAD 2,550 to Canaccord Genuity Wealth Management (USA) Inc., CAD 13,020 to PI Financial Corp., CAD 4,200 to Cormel Capital SARL, CAD 5,670 to Haywood Securities Inc.