On March 7, 2022, XAU Resources Inc. closed the transaction. The company paid CAD 5,047 and issued 20,188 finder warrants to certain finders. Each Finder Warrant is exercisable to acquire one common share of the company at a price of CAD 0.25 for a period of 24 months from the date of issuance.

The non-brokered transaction included participation from 13 placees including returning investors, Peter Hambro, a director of the company for 1,177,689 Subscription Receipts for aggregate consideration of CAD 294,422.25, Audrey Marut for 100,00 and Alexey Maslovskiy, a director of the company, for 1,438,311 Subscription Receipts for proceeds of CAD 359,577.75.