On August 4, 2022, G2 Goldfields Inc. closed the transaction. The company received a total of CAD 13,370,020 in the transaction. The company issued 2,549,96 shares for gross proceeds of CAD 1,529,979.

The company announced that it has received filing documentation from TSX Venture Exchange with respect to the transaction. The transaction included participation from 16 placees including insiders, J. Patrick Sheridan for 1,700,000? shares and Stephen Stow for 416,800 shares. The company paid finders fees of CAD 688,496.43 and issued 954,994 broker warrants to Cormark Securities Inc. and Sprott Global Resource Investments Ltd. Each broker warrant entitles the holder to acquire one common share at an exercise price of CAD 0.70 per common share for a period of 12 months.