On June 26, 2023, Eureka Lithium Corp., closed the transaction. The company has raised a total of CAD 6,681,782 in the transaction. The company has raised CAD 1,496,582 in it's second and final tranche closing.

The company issued 2,083,164 non-flow-through units of the company at a price of CAD 0.50 per non-FT unit for gross proceeds of approximately CAD 1,041,582 million, with each Non-FT unit comprised of one common share in the capital of the company and one-half of one common share purchase warrant, with each Non-FT warrant entitling the holder to purchase one common share at a price of CAD 0.75 per Non-FT warrant share for a period of two years after the date of issuance; 700,000 Quebec super-flow-through units of the company at a price of CAD 0.65 per Super FT unit for gross proceeds of CAD 455,000, with each Super FT Unit comprised of one common share that qualifies as a "flow-through share" as defined in the Income Tax Act (Canada) and one-half of one flow-through common share purchase warrant, with each Super FT Warrant entitling the holder to purchase one common share in the capital of the Company at a price of CAD 0.85 per Super FT warrant share for a period of two years after the date of issuance. As a part of the transaction, the company paid finder's fees totaling CAD 81,340.75 and issued 151,471 broker warrants to certain finders in connection with the sale of the subscription receipts to purchasers introduced to the company by such finders. Each broker warrant entitles the holder thereof to acquire one common share in the capital of the company at a price of CAD 0.75 for broker Warrants issued in connection with Non-FT units, and CAD 0.85 for broker Warrants issued in connection with the Super FT Units, per common share for a period of 24 months from the closing date of the concurrent financing.

All securities issued under the Offering are subject to a statutory hold period of four months and a day