On March 8, 2022, Angel Gold Corp. closed the transaction. The company issued 8,457,332 units for aggregate gross proceeds of CAD 1,268,600.

The transaction included participation from 29 placees including Christopher P. Cherry, CEO, Interim CFO and a director of the company for 386,000 units through Cherry Consulting Ltd; Jan Urata, Corporate Secretary of the company for 70,000 units through 1065068 BC Ltd.; and Thomas E. Wharton Jr., a director of the company, for 500,000 units. The warrants will expire until March 4, 2025. All securities issued are subject to the TSX Venture Exchange hold period, plus four months and one day following the closing dates expiring on July 5, 2022.

The company paid finder's fees of CAD 20,687.99 and 137,920 finder's warrants to including CAD 12,587.99 and 83,920 finder's warrants to Richard Savage, CAD 7,200 and 48,000 finder's warrants to Canaccord Genuity Corp. and CAD 900 and 6,000 finder's warrants to Haywood Securities Inc. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company issued 2,186,004.5 units for proceeds of CAD 327,900.675 from 3 investors pursuant to exemption provided under Regulation D.