On March 22, 2024, Nevada King Gold Corp. closed the transaction. The company announced that it has issued 28,396,857 common shares at an issue price of CAD 0.35 per share for the gross proceeds of CAD 9,938,899.95 in the transaction.

All securities issued pursuant to the Non-Brokered Private Placement are subject to a statutory hold period under applicable Canadian securities laws expiring July 23, 2024, being the date that is four months and one day from the date of closing of the Non-Brokered Private Placement. The Non Brokered Private Placement remains subject to final acceptance by the TSX Venture Exchange. No finder's fees were applicable to the Non-Brokered Private Placement.

All securities issued pursuant to the Non-Brokered Private Placement are subject to a statutory hold period under applicable Canadian securities laws expiring July 23, 2024, being the date that is four months and one day from the date of closing of the Non-Brokered Private Placement. The Non Brokered Private Placement remains subject to final acceptance by the TSX Venture Exchange. No finder's fees were applicable to the Non-Brokered Private Placement.

The company announced it has issued 12,000,000 common shares at a price of CAD 0.35 per common share for aggregate gross proceeds of CAD 4,200,000. The transaction included participation from Michael A. Parker. The Subject Shares were acquired pursuant to a private placement transaction and represent approximately 3.5% of all issued and outstanding common shares of the Company as of March 22, 2024, resulting in a corresponding change to the aggregate percentage ownership of the Company by the Acquirer.

The transaction was oversubscribed. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 9 placees and 5 insiders with Total existing insider involvement of 18,364,286 shares.

The company raised CAD 7,661,400 pursuant to Regulation D in the transaction from 5 investors.