On July 8, 2024, Infinico Metals Corp. closed the transaction. The company has issued 1,333,333 hard dollar units at a price of CAD 0.075 per HD Unit for gross proceeds of up to CAD 99,999.975, 1,388,889 flow-through units at a price of CAD 0.09 per FT unit for the gross proceeds of CAD 125,000.01 and 3,957,246 charity flow-through units at a price of CAD 0.138 per unit for the gross proceeds of CAD 546,099.948, for total gross proceeds of CAD 771,099.933 in its second and final tranche closing.

The company has received CAD 1,400,000 as total gross proceeds in the transaction. In connection with the Offering, the company paid to certain finders an aggregate of a cash commission of CAD 19,300 and issued 235,111 compensation warrants. Each Compensation Warrant entitles the holder thereof to acquire one Share at a price of CAD 0.15 per common share until the date that is 24 months following the closing date of the issuance.

The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange and all securities issued and issuable pursuant to the Offering will have a hold period of four months and one day.