On September 29, 2023, Evergold Corp. closed the transaction. The company issued 12,078,334 flow-through units at a price of CAD 0.06 per flow-through unit for gross proceeds of CAD 724,700.04, and 9,409,091 hard-dollar units at a price of CAD 0.055 per hard-dollar unit for gross proceeds of CAD 517,500.005; for aggregate gross proceeds of CAD 1,242,200. The transaction included participation from certain insiders of the company for 1,409,091 hard-dollar units and 458,334 flow-through units. The company also paid commissions to certain finders of an aggregate of CAD 42,990 in cash and 725,000 finders warrants. Each finder warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.055 per finder warrant share for a period of twenty-four months from the closing of the offering. The closing of the offering is subject to certain conditions, including but not limited to the final acceptance of the TSX Venture Exchange. All securities issued in connection with the offering are subject to a hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 23 placees, 3 existing insiders for 1,867,425 units and 1 pro group for 333,334 units. The company has paid finder's fees of CAD 44,670 in cash and issued 725,000 warrants.