On April 12, 2023, Montage Gold Corp. closed the transaction. The company has issued 21,786,300 common shares at an issue price of CAD 0.70 per offered Share for gross proceeds of CAD 15,250,410.

The Company paid the underwriters a cash fee equal to 6.0% of the aggregate gross proceeds of the offered shares sold under the brokered transaction. The transaction included participation from 48 placees, existing insider involvement of seven insiders for 2,307,740.