On August 22, 2022, Newrange Gold Corp. closed the transaction. The transaction included participation from 17 placees including insiders David Cross, Chief Financial Officer for 350,000 units, Platoro Resource Corp.

(Robert Archer) for 515,000 units, RAS Capital Corp. (Ron Schmitz) for 250,000 units subscribed for an aggregate of 1,115,000 units for a total of CAD 33,450. The company paid cash finder's fees of CAD 3,749 and the company issued 89,950 share purchase finders warrants to Cormel Capital Sarl and NAI Innovation Ltd. Each finders warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.05 for a two-year period.