On September 3, 2021, Providence Gold Mines Inc. closed the transaction. The company issued 1,000,000 common shares for the gross proceeds of CAD 519.96 in its third tranche. The company issued 3,864,571 shares at a price of CAD CAD 0.07 per share for proceeds of CAD 270,520. Th transaction included participation from nine placees including Rodger Young for 1,428,571 shares, Scott Davis for 186,000 shares, Ron Coombes for 500,000 shares and Kevin Nishi for 200,000 shares. The total pro group involvement is one million including one placee. The company has paid CAD 4,200 in cash and 60,000 warrants to PI Financial Corp.