On December 2, 2021, Xali Gold Corp. closed the transaction. The company has issued 7,048,333 units for gross proceeds of CAD 422,900 in the transaction. The company issued 3,383,333 units for proceeds of CAD 203,000 in its second and final tranche. The transaction is subject to TSX Venture Exchange final approval. The transaction included participation from 13 placees including insider Ridley Rocks Inc. for 1,165,000 units. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company received $76,293 (CAD 95,000.0436) pursuant to exemption provided under Regulation D from 2 investors.