On October 31, 2022, Bonanza Mining Corporation closed the transaction. The company issued 3,000,000 flow-through units at a price of CAD 0.10 per unit, for gross proceeds of CAD 300,000 and 636,000 ordinary units at a price of CAD 0.07 per ordinary unit for gross proceeds of CAD 44,520. TSX Venture has accepted for filing documentation with respect to the transaction.

The transaction includes participation from 20 placees including existing insider involvement from six placees for 1,436,000 shares, Aggregate pro group involvement for 1.2 million shares. The company paid finder's fees of CAD 4,500, 48,000 shares and 93,000 warrants.