On May 10, 2023, Visionary Gold Corp. closed the transaction. The company has issued 12,235,713 units at an issue price of CAD 0.07 per unit for the gross proceeds of CAD 856,499.91 in its second and final tranche.

The company has issued a total of 18,350,963 units at an issue price of CAD 0.07 per unit for the gross proceeds of CAD 1,284,567.50 in the transaction. The transaction included participation from nine placees including two insider placees for 5,178,571 units. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The unit, shares, warrants and warrant shares will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company has received CAD 351,323 pursuant to exemption provided under Regulation D from single investor.