On July 11, 2023, Resouro Gold Inc. closed the transaction. The agent was issued, 800,000 Common Shares representing a capital raising fee of 6.0% of the aggregate gross proceeds of the Offering, payable in cash or through the issuance of the number of Common Shares equivalent to the value of the Capital Raising Fee at a price of CAD 0.15 per Common Share. In addition to the Compensation Shares, the Company issued to the Agent 600,616 warrants to purchase Common Shares, with each Agent's Warrant exercisable into one Common Share for a period of three years from the Closing Date at an exercise price of CAD 0.20 per Common Share.

The securities issued in connection with the Offering are subject to a statutory hold period of four months plus one day from the Closing Date, being November 12, 2023, in accordance with applicable securities legislation. The Offering has received conditional acceptance of the TSX Venture Exchange and is subject to final acceptance upon the final documentation with the TSXV. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 37 placees.