On March 29, 2023, Silver Spruce Resources Inc., closed the transaction. The company issued 75,700,499 units at a price of CAD 0.015 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of CAD 0.05 per share on or before March 28, 2028. The company has received CAD 412,535 ($304,230) pursuant to exemption provided under Regulation D from 24 investors.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 50 placees.