On September 14, 2023, Western Alaska Minerals Corp. closed the transaction. The company has issued 66,171 units at a price of CAD 2.05 per unit for the gross proceeds of CAD 135,650.55 in its second and final tranche. The company has raised total aggregate gross proceeds of CAD 1,686,233.65 through the issuance of 822,553 units in the transaction. Each Warrant issued in the second tranche is exercisable for a period of 36 months from the closing date of the second tranche into one additional subordinate voting share of the company at a price of CAD 3.15. All securities issued pursuant to the second tranche are subject to a hold period expiring on January 15, 2024. Certain directors, officers and other insiders of the company purchased or acquired direction or control over a total of 111,405 units as part of the second tranche.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 17 placees and 4 existing insiders for 111,405 units.