On April 17, 2023, Sterling Metals Corp. closed the transaction. The company amended the terms of the transaction.

The transaction was oversubscribed. The company issued 6,700,000 charity flow-through units at a price of CAD 0.225 per charity flow-through unit, 11,914,200 flow-through units at a price of CAD 0.17 per flow-through unit and 19,625,000 hard dollar units at a price of CAD 0.15 per hard dollar unit for aggregate gross proceeds of CAD 6,476,664. As part of the transaction the company paid CAD 295,000 as cash commission being equal to 6% of aggregate proceeds of the hard dollar units and issued 1,775,834 compensation options being equal to 6% of the aggregate number of hard dollar units issued by the company under the offering.

Each compensation option is exercisable to acquire one common share in the capital of the company at an exercise price of CAD 0.15 per share until October 17, 2024. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange. The securities comprising the Charity Flow-Through Units and the Flow-Through Units issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date.

The company has received $201,528 (CAD 270,000) pursuant to exemption provide under Regulation D from 2 investors. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.