On March 18, 2022, Val-d'Or Mining Corporation closed the transaction. The company has issued 8,727,954 units for total gross proceeds of CAD 1,396,472.64 on March 18, 2022. The transaction included participation from eight insiders for aggregate cash consideration of CAD 602,016.96 of the company. Each warrant exercisable for the purchase of one common share of the company at a per share price of CAD 0.20 until March 18, 2024. The company has administration fee of CAD 8,000 was paid by the company to one of the subscribers under the transaction. All securities issued under the transaction, including common shares underlying the warrants, are subject to a hold period until July 19, 2022. The company accepted TSX Venture exchange filing. The transaction included participation from 27 placees including
Glenn J. Mullan for 156,250 units, Jens Zinke for 20,000 units, Quirico De Vega for 50,000 units, Deborah Hoing for 93,750 units, Louis Doyle for 62,500 units, Michael Rosatelli for 62,500 units, Lukas Shewchuk for 40,000 units, returning investor Golden Valley Mines And Royalties Ltd. for 3,277,606 units and total pro group from 3 placees for 1,281,250 units.