On May 4, 2023, Western Alaska Minerals Corp. closed the transaction. The company amended the terms of the transaction and now issued 2,982,049 units at a price of CAD 2.35 per unit for gross proceeds of CAD 7,007,815.15.

The securities are subject to a hold period of four months and one day ending on September 5, 2023, in accordance with applicable securities laws. In connection with the transaction, the company paid to the agents a cash commission of CAD 405,469 and issued to the agents 172,540 broker warrants of the company. Each broker warrant entitles the holder thereof to purchase one unit at the offering price for a period of 24 months following the closing.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 65 placees, existing insider involvement of four insiders for 167,873.