On September 13, 2022, Tembo Gold Corp. closed the transaction. The company has issued 1,085,000 common shares at a price of CAD 0.27 per share for gross proceeds of CAD 292,950 in its second and final tranche. No finders' fees were paid in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from three placees including total pro group involvement for one placee of 1,406,700 shares.