On April 11, 2023, HighGold Mining Inc. closed the transaction. The company has issued up to 14,029,243 common shares at an issue price of CAD 0.66 per share for gross proceeds of CAD 9,259,300. In connection with the transaction an existing strategic shareholder of the company exercised their participation rights under an investor rights agreement with the company to maintain their 9.9% interest, subscribing for 1,420,000 Shares at CAD 0.66 per share for proceeds of CAD 937,200. The CAD 9,259,300 in aggregate gross proceeds is inclusive of the CAD 937,200 from the strategic shareholder. The securities issued in connection with the transaction are subject to a statutory four-month and one day hold period in Canada expiring August 12, 2023. A total of CAD 28,263.15 in finder's fees are payable as a cash commission to arm's length finders in connection with the closing of the transaction. The transaction included participation from certain insiders for an aggregate of 133,052 Shares for gross proceeds of CAD 87,814. The transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 52 placees including existing insider involvement of four insiders for 133,052 and pro group involvement of two pro groups for 575,757. The company has received CAD 5,364,001from 5 investors pursuant to Regulation D.