On June 29, 2022, Gabriel Resources Ltd. closed the transaction. The company has issued 3,154,341 common shares for gross proceeds of CAD 678,183.315 in its final tranche. The company has issued 33,105,117 common shares for gross proceeds of CAD 7,117,600.155 in the transaction.

The transaction included participation from 23 placees including insiders, The Baupost Group LLC for 3,763,941, Electrum Global Holdings LP for 4,440,693, Kopernik Global Investors LLC for 5,697,314, certain investment funds managed by Tenor Capital Management Company for 5,933,860, Paulson & Co. Inc. for 4,233,616. The company paid finder's fee of $5,500 to Swiss Capital S.A. The transaction was conditionally approved by the TSX Venture Exchange on May 25, 2022.