On July 1, 2022, Providence Gold Mines Inc. closed the transaction. The company issued 1,737,500 units at a price of CAD 0.07 per unit for gross proceeds in the amount of CAD 121,625. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.

The transaction included participation from eight placees including Rodger Young for CAD 400,000, Scott Davis for CAD 150,000, Ronald Coombes for CAD 280,000.