On September 7, 2022, Graycliff Exploration Limited closed the transaction. The company amended the terms of the transaction. The company issued 3,050,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 610,000.

On the same date, the company issued 100,000 units for gross proceeds of CAD 20,000 in its second and final tranche closing.