On December 6, 2021, Contact Gold Corp. closed the transaction. The company issued 60,000,000 units for gross proceeds of CAD 3,000,000 in the transaction and 2,400,000 units for gross proceeds of CAD 120,000 in its second and final tranche. Aggregate finder fees paid in cash in connection with the transaction totaled CAD 57,088.74. The closing of the transaction remains subject to the final approval of the TSXV. The company received CAD 99,999.9791 pursuant to regulation D from a single investor. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 35 placees including pro-group group involvement of 7 placees for 6,779,580 units and insiders Matthew Lennox-King for 3,082,000 units, John Dorward for 4,000,000 units, Dan LaForest of Red Point Capital for 4,418,420 units, John Wenger for 1,540,000 units. The company paid finder's fee of CAD 10,588.74 to Haywood Securities Inc., of CAD 5,550 to Canaccord Genuity Corp., CAD 2,400 to Pertinax Capital BVBA, of CAD 450 for Leede Jones Gable Inc., of CAD 2,100 to Richardson Wealth Ltd., CAD 30,000 to Dundee Goodman Merchant Partners, of CAD 30,000 to Cormark Securities Inc.