On May 30, 2023, Radius Gold Inc. closed the transaction. The company has issued 11,149,983 units at a price of CAD 0.175 for gross proceeds of CAD 1,951,247 in the transaction. The company has paid finder's fees totaling CAD 39,627 in cash and issued a total of 226,442 warrants with the same terms as the unit warrants.

The common shares and warrants issued on closing are subject to a regulatory resale restriction until September 30, 2023. The placement is subject to final approval of the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.