On December 20, 2022, Alma Gold Inc closed the transaction. The company issued 6,265,000 units for proceeds of CAD 626,500. The company paid CAD 18,454 as finder's fees.

All securities issued are subject to a statutory four month and one day hold period that expires on April 21, 2023. The transaction includes participation from an insider for 400,000 units. The company raised CAD 12,500 by issuing securities pursuant to exemption provided under Regulation D.