On March 18, 2022, Royalty North Partners Ltd. closed the transaction. The company issued 2,768,000 subscription receipts for gross proceeds of CAD 1,660,800 in its second tranche. The company issued 34,889,262 subscription receipts for aggregate gross proceeds of approximately CAD 20,933,557.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 147 placees including total pro group involvement of nine placees for 1,801,300 shares. The transaction included participation of insiders nine placees for 3,682,199 shares. The company paid finder's fees of CAD 12,500 and 706,332 units. Each unit comprises one common share and one share purchase warrant, exercisable at a price of CAD 0.80 to acquire an additional common share for a five-year period.