On September 19, 2023, Rackla Metals Inc. closed the transaction. The company has issued 5,769,000 flow-through units at an issue price of CAD 0.275 for the gross proceeds of CAD 1,586,475 and 4,800,000 non-flow-through units at an issue price of CAD 0.25 for the gross proceeds of CAD 1,200,000; for aggregate total gross proceeds of CAD 2,786,475. The company paid to the agents a cash fee of CAD 122,628.50 equal to 6% of the gross proceeds from the sale of the offered securities. In addition to the agents fee, the company also granted to the agents 456,140 compensation options entitling the agents to subscribe for that number of hard units equal to 6% of the aggregate number of offered securities sold under the offering, with each compensation hard unit consisting of one common share and one warrant. subject to regulatory approval, each compensation option will be exercisable to acquire one compensation hard unit of the company at a price of CAD 0.25 at any time on or before September 19, 2025. Notwithstanding the foregoing, no agents fee was paid or compensation options were issued to the agents in respect of a CAD 230,000 subscription for offered securities from one of the President?s List subscribers. The offering remains subject to the final approval of the TSX Venture Exchange. The offered securities will be subject to a statutory hold period of four months and one day from closing of the offering in accordance with applicable securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 21 placees, 1 existing insider for 920,000 units and 3 pro groups for 650,000 units