On May 3, 2023, TRU Precious Metals Corp. closed the transaction. The company has now issued 10,570,000 units at a price of CAD 0.05 per unit, for gross proceeds CAD 528,500.

The transaction include participation from Insider for CAD 150,000 of the gross proceeds of the offering. The securities issued are subject to a statutory hold period expiring September 3, 2023. The offering is subject to final approval of the TSX Venture Exchange.

The company has paid cash commissions equal to an aggregate of CAD 17,600, and an aggregate of 352,000 finder warrants, each of which entitles the holder thereof to purchase one share at a price of CAD 0.075 for a period of 36 months following the closing date. The company has raised CAD 13,223.20 pursuant to exemption provided under Regulation D from a single investor. The transaction included participation from 17 placees.

The transaction included participation from five insiders for three million shares.