On May 16, 2023, Unigold Inc. closed the transaction. The company has issued 32,107,500 units at an issue price of CAD 0.08 for the gross proceeds of CAD 2,568,600 in the second and final tranche. The included participation from director of the company insider Joseph Hamilton for 1,057,500 units. All securities issued under the Offering are subject to a four-month hold period. The transaction is subject to final acceptance of the TSX Venture Exchange. No finders were paid in connection with this closing of the transaction. The company has issued 48,125,000 units at an issue price of CAD 3,850,000 in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from seven placees including existing insider involvement of three insiders for 2,757,500.