On March 31, 2022, BTU Metals Corp. closed the transaction. The company issued 4,905,445 flow through units at a price of CAD 0.09 per unit for gross proceeds of CAD 441,490.05 on March 31, 2022. The company paid finder's fees of CAD 12,250 and finder's warrant CAD 136,111. All securities issued are subject to a four-month and a day hold period expiring August 1, 2022. The transaction is subject to final approval from the TSX Venture Exchange.
The transaction is subject to approval of the TSX Venture Exchange. The transaction included participation from 15 placees. The company pays finders fees to PI Financial Corp for CAD 1,750 in cash and 19,444 finders warrants, Canaccord Genuity Corp. CAD 10,500 in cash and 116,667 finders warrants.