On December 27, 2023, 1911 Gold Corporation, closed the transaction. The company issued 51,562,500 non flow-through units at a price of CAD 0.06 per unit for gross proceeds of CAD 3,093,750, 2,260,715 flow through units at a price of CAD 0.07 per flow through unit for gross proceeds of CAD 158,250.05 and 6,666,667 Manitoba flow-through units at a price of CAD 0.097 per unit for the gross proceeds of CAD 646,666.699. The transaction included participation from Eric Sprott investing CAD 1,000,000 for a 12.4% ownership position in the company and 2176423 Ontario Ltd for 16,666,667 units. The transaction also involved participation from a new investor, Gunsynd Plc for 5,833,333 units at CAD 0.06 per share for gross proceeds of CAD 174,999.99. For each ordinary share subscribed for in the company, Gunsynd Plc has received a warrant over a new ordinary share with an exercise price of CAD 0.10 per share and exercisable for a period of 24 months from the date of closing of the transaction.

The transaction included participation from 37 placees and four insiders for 2,974,465 units. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement.