On April 20, 2022, Newrange Gold Corp. closed the transaction. The company amended the terms of the transaction.

The company received gross proceeds of CAD 271,000.26 consisting of 1,440,000 non-flow-through units at a price of CAD 0.07 per unit and 2,002,356 flow-through units at a price of CAD 0.085 per flow-through unit in its second and final tranche closing. Gross proceeds from both tranches of the financing totaled CAD 679,100.26 and comprised 7,270,000 non-flow-through units and 2,002,356 flow through unit. Each non-flow-through units in the second tranche consists of one common share of the Company and one-half share purchase warrant.

Each non-flow-through units Warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.12 at any time until April 20, 2024. Each flow through Unit in the second tranche consists of one common share of the Company and one-half share purchase warrant. Each flow through Warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.12 at any time until April 20, 2024.

The company paid cash finder's fees or commissions in the amount of CAD 11,970 on the second tranche of the financing and the company issued 144,529 share purchase warrants. Each Finders Warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.12 for a two-year period. The transaction involved participation from 20 investors including returning investor Platoro Resource Corp subscribed for 700,000 units, David Cross subscribed for 215,000 units, Robert Archer for 700,000 units, and a pro-group of one placee subscribed for 117,650 units.

Finders' fees and warrants were paid to Canaccord Genuity Corp. CAD 2,940 and 42,000 warrants, Cormel Capital SARL CAD 2,940 and 42,000 warrants, NAI Interactive Ltd. CAD 9,310, RBC Investor Services Trust CAD 10,500 and 123,529 warrants.