On January 6, 2023, Element 29 Resources Inc. closed the transaction. The company will now issue 7,725,000 units at a price of CAD 0.20 per unit for aggregate gross proceeds of up to CAD 1,545,000. The company paid Haywood Securities Inc. cash finder's fees of CAD 30,900 and paid Canaccord Genuity Corp. cash finder's fees of CAD 600.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 35 placees, 3 existing insiders for 330,000 units and 2 pro groups for 600,000 units.