On February 1, 2023, ArcPacific Resources Corp. closed the transaction. The company has issued 17,000,000 Units for gross proceeds of CAD 1,700,000.

The company paid finder's fees of CAD 45,440 cash and issued 454,400 broker warrants. Each Broker Warrant is exercisable to acquire one unit of the company at a price of CAD 0.10 per unit on the same terms noted above. Certain insiders of the company participated in the transaction for an aggregate total of CAD 40,000.

Closing is subject to several prescribed conditions, including, without limitations, approval of the TSX Venture Exchange. The transaction is oversubscribed. The transaction included participation from 53 placees including existing insider involvement of two placees for 400,000.