On January 30, 2023, Regulus Resources Inc. closed the transaction. Nuton acquired 20,058,974 shares for total proceeds of CAD 20,460,153; and Route One Investment Company, L.P. acquired 2,600,000 shares for total proceeds of CAD 2,652,000 in the transaction. In accordance with applicable Canadian securities laws, the shares issued pursuant to the transaction will be subject to a four month hold period ending May 28, 2023.

The transaction remains subject to final approval from the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction involved participation from two placees/ insiders.