On February 16, 2024, NevGold Corp., closed the transaction. The company issued 2,656,250 common shares at a price of CAD 0.32 per share for the gross proceeds of CAD 850,000 in its second and final tranche closing. The company has raised CAD 2,350,000 in the transaction by issuing 7,343,750 common shares at a price of CAD 0.32 per share.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 34 placees, 3 existing insiders for 562,500 shares and 8 pro groups for 956,250 shares. The company has paid finder's fees of CAD 43,320 in cash and issued 135,375 warrants. Each finder's warrant entitles the holder to purchase one common share at the price of CAD 0.32 for a period of 12 months from the date of issuance.