On February 23, 2024, Scorpio Gold Corporation, closed the transaction. The company issued 30,415,034 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 4,562,255 in its third and final tranche closing. As a part of the transaction, the company paid an aggregate cash finder's fees of CAD 32,055 and granted 213,706 non-transferable compensation warrants of the company to finders in the transaction. The transaction included participation from 56 investors including eight pro groups for 1,186,633 units.

On March 7, 2024,, the company announced that the transaction has been approved by the TSX Venture Exchange.