On February 13, 2023, Imperial Mining Group Ltd. closed the transaction. The company has issued 2,991,155 units at a price of CAD 0.09 per unit for total gross proceeds of CAD 269,204 in its second and final tranche, bring total gross proceeds of CAD 710,982.08 in the transaction. In connection with this second and last tranche, no commission or finders' fee was paid by the company.

The transaction included participation from 20 placees including 2 existing insiders for 222,223 units. The company paid finder's fees of CAD 20,240 cash and issued 184,000 warrants. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.14 during a period of up to two years following the closing date.