On June 13, 2023, E-Power Resources Inc closed the transaction. The company has amended the terms of the transaction. The company issued 313,437 non-flow-through units at a price of CAD 0.32 per Non-FT unit for gross proceeds of CAD 100,300 and 1,075,000 units flow through units at a price of CAD 0.35 per FT unit for gross proceeds of CAD 376,250, for the aggregate proceeds of CAD 476,550.

No Insiders of the company participated in this private placement. The company paid finders' fees to two different entities, Stephen Avenue Securities Inc. and Red Cloud Financial Services Inc., which respectively received a cash commission of $266 and $24,500. In addition, Stephen Avenue Securities Inc. received 831 broker warrants and Red Cloud Financial Services Inc. received 70,000 broker warrants, with each warrant entitling its holder thereof to purchase one common share of the company at a price of CAD 0.48 and expiring on June 13, 2025.