On December 14, 2022, EGR Exploration Ltd. closed the transaction. The company issued 15,875,000 units at an issue price of CAD 0.06 per unit for gross proceeds of CAD 952,500 in the transaction. All securities issued with respect to the transaction will be subject to a hold period expiring on April 15, 2023. The company had paid the finder's fees CAD 11,130 in the transaction.
The company has raised CAD 60102.41 pursuant to Regulation D from single investor.

On January 5, 2022, the company announced that the Toronto Stock Exchange Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 30 placees.