On February 1, 2023, K2 Gold Corporation, closed the transaction. The transaction was oversubscribed. The company has issued 23,976,500 units at a price of CAD 0.15 per unit for aggregate gross proceeds of CAD 3,596,475.

The tranche included participation from 122 placees, including 1,033,667 from three palcees from existing insider involvement. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company has paid cash finders' fee of CAD 188,479 and 1,256,530 warrants in the transaction.