On April 28, 2022, Bravada Gold Corporation closed the transaction. The company has issued 34,390,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 1,719,500. The transaction is oversubscribed.

The company paid CAD 5,250 cash and 105,000 finders' warrants to GloRes Securities Inc., CAD 1,400 cash and 28,000 finders' warrants to Haywood Securities Inc. The company paid aggregate finder's fees of CAD 6,650 and issued an aggregate of 133,000 non-transferable finder's warrants. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 56 placees.

The company received CAD 490,000 from 27 investors pursuant to exemption provided under regulation D.