On August 29, 2023, QcX Gold Corp. closed the transaction. The company amended the terms of the transaction and issued 6,200,000 flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 310,000 and 3,600,000 non flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 180,000 for the aggregate gross proceeds of CAD 490,000. In connection with the closing of the offering, the company paid certain eligible finders cash commissions in the aggregate of CAD 33,600 of which CAD 26,600 was paid through the issuance of 532,000 Units and issued the finders an aggregate of 532,000 non-transferrable broker warrants. Each broker warrant entitles the holder thereof to purchase one Unit at a price of CAD 0.05 at any time for a term of 2 years following the date of issuance.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 13 placees including existing insider involvement of one insider for 2,600,000.