On May 4, 2021, Neo Battery Materials Ltd. (TSXV:NBM) closed the transaction. The company issued 17,141,667 common shares for gross proceeds of CAD 2,057,000 in the transaction. The transaction included participation from 26 placees and certain insiders for 2,150,000 units including Sungbum Huh for 1,000,000 units, Xiao Nan Zhao for 400,000 units, Jong Hyeok Park for 250,000 units, and Robert Fia for 500,000 units. No finders fee was paid in the transaction. Pursuant to the transaction, the company has received the final TSX Venture Exchange approval. The transaction was over subscribed. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.