On December 23, 2022, High Tide Resources Corp. closed the transaction. The company issued 1,140,000 HD units, 1,998,666 national flow-through units and 1,742,616 Quebec flow-through units for aggregate gross proceeds of CAD 580,380 in its second tranche bringing the total amount raised in the transaction to CAD 980,380.

A director of the company subscribed for 400,000 HD units in the transaction. The company paid CAD 28,022.4 as finders' fees and 242,133 warrants.