On December 13, 2023, Vertical Exploration Inc. closed the transaction. The company issued up to 9,460,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of CAD 473,000. Each unit consists of one common share and one transferable common share purchase warrant authorizing the purchase of one additional common share at a price of CAD 0.10 per share until June 13, 2025. In connection with the private placement, the corporation paid cash finder?s fees to arm?s length parties, totaling CAD 20,655 and issued 413,100 common share purchase warrants. All securities issued under the offering are subject to statutory hold periods expiring on April 14, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including pro group involvement of one pro group for 998,000.