On April 20, 2023, NV Gold Corporation closed the transaction. The company has issued 8,807,334 units at a price of CAD 0.06 per unit for aggregate gross proceeds of CAD 528,440. Certain directors and officers of the company purchased or acquired direction and control over a total of 2,916,667 units. The company paid CAD 3,780 as finder's commissions to certain arm's length finders. The private placement is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 13 placees and existing insiders for 2,916,667 units.