On September 20, 2022, Goldbank Mining Corporation closed the transaction. The company issued 6,428,569 flow-through units for gross proceeds of CAD 450,000, and 23,571,442 non flow-through units for gross proceeds of CAD 1,650,001 for total gross proceeds of CAD 2,100,000. The transaction included participation from four insiders of the company for 18,428,572 units for gross proceeds of CAD 1,290,000 which includes Anthony J. Beruschi for 10,285,714 units, returning investor, Blizzard Finance Corp. for 5,142,858 units. Post transaction Anthony J. Beruschi holds 46,150,967 common shares and 12,285,714 share purchase warrants of the issuer, representing approximately 38.48% of the issued and outstanding common shares of the issuer on a non-diluted basis and 44.20% Blizzard Finance Corp. will hold 19,657,858 common shares and 6,142,858 share purchase warrants, increase its ownership from 16.14% o to 16.39%.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.