On September 15, 2022, Gold Line Resources Ltd. closed the transaction. The company issued 12,500,000 units for gross proceeds of CAD 1,500,000. TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 59 placees, including existing insider involvement from two placees for 750,000 units, pro group involvement including six placees for 1,223,665.

The company paid CAD 42,504 and issued 354,200 compensation warrants as finder's fees to certain arms-length finders. All warrants issued in the transaction are exercisable till September 14, 2024. All securities issued are subject to a four month and one day statutory hold period expiring on January 15, 2023.

Two insiders of the company participated in the transaction and acquired an aggregate of 750,000 units.