On January 21, 2022, Alerio Gold Corp. closed the transaction. The company has issued 600,800 units for gross proceeds of CAD 150,200.

The company has issued 3,441,800 units for gross proceeds of CAD 860,450 in the transaction. The company has issued 31,000 finders' warrants and paid a cash fee of CAD 7,750 to certain finders in its final tranche. The company has paid finders fee of CAD 41,018 and issued a total of 164,070 warrants at a price of CAD 0.40 until January 20, 2024.