On October 16, 2023, Visionary Metals Corp. closed the transaction. The company issued 6,579,405 units at a price of CAD 0.08 per unit for gross proceeds of CAD 526,352.40 in the second and final tranche.

Each Unit is comprised of one common share and one half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD 0.12 for a period of 36 months from the closing date of the Offering. The closing of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The Unit Shares, Warrants, and Warrant Shares will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company has issued 19,584,155 Units for aggregate gross proceeds of CAD 1,566,732.40. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 17 placees including existing insider involvement of five insiders for 11,663,950 and pro group involvement of one pro group for 937,500.