On May 2, 2023, Newrange Gold Corp. closed the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from insiders, including 19 placees, including existing insider involvement for three placees for 600,000 units, one pro group involvement for 100,000 units. The company has paid finders' fee of CAD 12,383 in cash and issued 137,589 warrants to IBK Capital Corp., Research Capital Corp., Arlington Group Asset Management and Sector Investment Managers Ltd.