On November 21, 2022, Gold79 Mines Ltd. closed the transaction. The company issued 27,066,401 units at a price of CAD 0.035 per unit for gross proceeds of CAD 947,324 in the transaction. A total of 27,066,401 warrants were issued, with each warrant entitling the holder to purchase one common share of the company at a price of CAD 0.05 per share until November 18, 2025.

The company paid eligible finders cash commissions of CAD 13,843 and an aggregate of 395,500 finders warrants. Each finder's warrant entitles the finder to acquire one common share at an exercise price of CAD 0.05 and is exercisable until November 18, 2025. All securities issued under the transaction are subject to a statutory hold period until March 19, 2023.

The transaction included participation from 19 placees, officers and directors of the company including Derek Macpherson acquired the 4,225,000 units at a price of CAD 0.035 per unit for an aggregate purchase price of CAD 147,875, Gary Thompson, Paul Carrelo and John McNeice and acquired 6,867,858 units for $240,375. The company has issued $10,000 (CAD 13,373.8) pursuant to exemption provided under Regulation D from 2 investors. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.