On January 27, 2023, Triumph Gold Corp. closed the transaction. The company paid finder's fees of CAD 9,975 in the transaction.

Securities issued will be subject to a four month hold period from the date of issuance, being May 28, 2023. John Anderson, Executive Chair of the company, has participated and beneficially purchased 3,500,000 units in the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement.

The transaction included participation from 68 placees. Total existing insider involvement was for 3,500,000 units and total pro group involvement for 500,000 units. The company has received $398,649 (CAD 531,040.3329) pursuant to exemption provided under Regulation D from six investors.