On December 29, 2023, Copper Lake Resources Ltd closed the transaction. The company has issued 9,040,000 flow-through units and 2,520,000 non flow-through units for gross proceeds of CAD 289,000 in its second and final tranche. The Company has raised a total of CAD 839,000 and issued 14,720,000 non flow-through units and 18,840,000 flow-through units in connection with both tranches of the Offering, and paid total finders? fees of CAD 21,700 in cash, issued 308,000 NFT Units and issued 1,176,000 non-transferable finders? warrants exercisable at CAD 0.10 for a period of 36 months from the closing date. Certain insiders of the company purchased 1,240,000 FT Units and 800,000 NFT Units under the second tranche of the Private Placement. The Private Placement has been conditionally approved by the TSX Venture Exchange but completion of the private placement and payment of any finders? fees remain subject to the receipt of all necessary regulatory approvals, including approval of the TSX-V.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 20 placees including existing insider involvement of 3 insiders for 1,240,000 FT shares and 800,000 NFT shares.