On April 20, 2023, QC Copper and Gold Inc. closed the transaction. The company has amended the terms of the transaction. The company has received 2,857,142 common shares at an issue price of CAD 0.14 for the gross proceeds of CAD 400,000 in its second and final tranche.

The company has received CAD 1,679,940 funding till date. The transaction included participation from five placees.