On November 24, 2023, Arbor Metals Corp. closed the transaction. The company amended the terms of the transaction and issued 400,000 units for aggregate gross proceeds of CAD 0.5 million in its second and final tranche. Each warrant entitles the holder to purchase one share at a price of CAD 2 at any time on or before November 23, 2024. The company paid a finder?s fee to an arms-length brokerage firm of CAD 30,000 and issued 24,000 non-transferable share purchase warrants. Each broker warrant entitles the holder to purchase one share at a price of CAD 2 at any time on or before November 23, 2024. the broker warrants, and any shares issued on exercise, are subject to a four month and a day hold period expiring on March 24, 2024 in accordance with applicable Canadian securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees. The company paid finder's fees of CAD 382,500cash and 273,157 warrants/.