On April 13, 2023, Goldshore Resources Inc. closed the transaction. The company now issued 16,419,220 units at an issue price of CAD 0.17 per unit for the gross proceeds of CAD 2,791,267.4 and 21,070,423 flow-through units at a price of CAD 0.195 per unit for the gross proceeds of CAD 4,108,732.485 aggregate gross proceeds of CAD 6,900,000. The transaction included participation from Brett A. Richards subscribed for 882,400 Units, Marlis Yassin subscribed for 103,623 flow-through Units; and Peter Flindell subscribed for 150,000 Units.

The securities issued pursuant to the transaction Closing of the transaction is subject to final approval by the TSX Venture Exchange will be subject to a four-month and one day hold period under applicable securities laws in Canada. In connection with the transaction, the Company paid to the Agents a cash commission of CAD 373,552 and issued to the Agents 2,011,912 compensation warrants of the Company. Each Compensation Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.17 per Common Share for a period of 24 months following the closing of the Offering.

The Agents also received an aggregate advisory fee comprising CAD 11,000 and 64,705 advisory warrants on the same terms as the Compensation Warrants. The company has accepted TSX venture exchange filings. The transaction included participation from 59 placees including total existing insider involvement for 1,194,853 units from four insiders and total pro group involvement for 1,612,000 units for eight pro groups.