On November 5, 2021, Terreno Resources Corp. closed the transaction. The company amended the terms of the transaction. The company has issued 1,000,000 units comprising of common shares with a legend date of March 6, 2022 and 1,000,000 warrants exercisable for twelve months to November 5, 2022 in second and final tranche. The company has issued total 6,510,000 units at an issue price of CAD 0.05 per unit for total gross proceeds of CAD 325,500 in the transaction.

On July 29, 2022, the company announced that TSX Venture Exchange has accepted for filing documentation. The transaction included participation from 16 placees.