On June 11, 2023, Sixty North Gold Mining Ltd., closed the transaction. The company issued 875,000 units at a price of CAD 0.12 for gross proceeds of CAD 105,000 in its first tranche closing. The transaction included participation from David R. Webb, chief executive officer and a director, and all persons acting jointly or in concert with the purchaser, have invested, directly and indirectly.

The purchaser intends to hold the Shares and Warrants for investment purposes. Depending upon market conditions and other factors, the purchaser may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities it holds in the Company, or will hold or may continue to hold its current position.