On October 25, 2022, Empress Royalty Corp. closed the transaction. The company has issued 4,316,666 units for gross proceeds of CAD 1,294,999.8 in its final tranche.

TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 14 placees, including one placee, existing insider involvement for 1,122,465 units and from certain insider of the company, including Rick Ruke. The company has issued 8,666,666 units for gross proceeds of CAD 2,600,000 in the transaction. The transaction is subject to the final approval of the TSX Venture Exchange.