On November 30, 2023, Canadian Gold Corp. closed the transaction. The company issued 536,585 flow through shares at a price of CAD 0.205 per share for gross proceeds of CAD 110,000 and 350,000 units at a price of CAD 0.14 per unit, for gross proceeds of CAD 49,000 for the aggregate gross proceeds of CAD 159,000 in its final tranche. Overall, a total of CAD 1,699,296 was raised by the issuance of flow through shares at a price of CAD 0.205 per flow through share, and CAD 816,454 was raised by the issuance of all units, at a price of CAD 0.14 per unit for the total aggregate gross proceeds of CAD 2,515,751. Officers, directors, and other insiders subscribed for an aggregate CAD 643,657 of the gross proceeds, which resulted in related party considerations pursuant to TSX Venture Exchange Policy. In connection with all closings for this placement, the company paid an aggregate CAD 108,824 in finders fees to eligible finders.

The TSX Venture Exchange has accepted for filing documentation. The transaction included participation from 41 placees including eight insiders for 4,548,994 shares and six professional group involvement for 1,813,761 shares.