On January 2, 2024, Zonte Metals Inc. closed the transaction. The company amended the terms of the transaction and issued 250,000 common shares at a price of CAD 0.065 for the gross proceeds of CAD 16,250 and 2,395,000 flow through units at a price of CAD 0.08 per unit for the gross proceeds of CAD 191,600; aggregate gross proceeds of CAD 207,850. Each Unit consists of one common share and one share purchase warrant, expiring December 27, 2025, entitling the holder to acquire one additional common share at a price of CAD 0.14. Following completion of the offering, the Company has 72,224,961 shares issued and outstanding. In connection with securities sold pursuant to the Offering, the company will pay aggregate finders? fees of CAD 12,740 in cash and will issue 159,250 Finders? warrants to two Eligible Finders, both of whom are at arm?s length to the company. Certain insiders of the company (two individuals) acquired 150,000 common share units and 120,000 flow-through share units in the offering for combined proceeds to the company of CAD 19,350, representing 9.3% of the total proceeds.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 6 placees and 2 insiders for 270,000 and company paid finder's fees of CAD 12,740 and 159,250 non-transferable share purchase warrants to purchase 159,250 shares at a price of CAD 0.20 per share until June 27, 2025.