On June 8, 2023, Relevant Gold Corp. closed the transaction. The company amended the terms of the transaction.

The company has now issued 12,292,480 units at an issue price of CAD 0.25 per unit for gross proceeds of CAD 3,073,120 in the transaction. The transaction was oversubscribed. The transaction included participation from returning investor, New Gold Inc. for 9.9% equity stake and a company controlled by Mr. Rob McEwen.

for 4,000,000 units of the offering, equivalent to an approximately 6.4% equity stake in the company. In connection with the private placement, Robert Bergmann and Brian Lentz, both directors and officers of the company, each purchased a total of 124,200 units. The company paid a total of CAD 29,662.5 finder's fees in connection with the offering.

All securities issued in the private placement are subject to a four month hold period from the closing date under applicable securities laws in Canada. Out of the total amount, the company received CAD 220,631 pursuant to exemption provided under Regulation D from six investors.