On June 16, 2023, Carlin Gold Corporation closed the transaction. The company amended the terms of the transaction. The company issued 5,050,000 units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 606,000. Each unit consists of one common share and one common share purchase warrant. Each Warrant will entitle the holder, on exercise thereof, to purchase one additional common share of the Company at a price of CAD 0.20 per share for a period of five years from the completion of the Private Placement. The Private Placement is subject to all necessary regulatory approvals, including final acceptance from the TSXV. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 11 placees.