On May 16, 2023, Revival Gold Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 11,846,150 units at a price of CAD 0.52 per unit for gross proceeds of CAD 6,159,998. Certain insiders of the company, namely Hugh Agro and Maura Lendon subscribed to the offering for an aggregate of 45,000 units. The company has receive CAD 306,055 pursuant to Regulation D and included participation from 2 investors.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 36 placees including total existing insider involvement of 45,000 from two insiders.