On December 21, 2022, Galleon Gold Corp. closed the transaction. The company issued 80,000 flow-through units at a price of CAD 0.26 per FT unit for the gross proceeds of CAD 20,800 in its second tranche. Red Cloud Securities Inc. acted as a finder in connection with the second tranche and received an aggregate cash commission of CAD 1,248 and 4,800 non-transferable compensation warrants. Each finder warrant entitles the holder to acquire one common share at an exercise price of CAD 0.24 for a period of two years expiring on December 21, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction includes participation from 13 placees, 2 existing insiders for 500,000 common shares and 50,000 flow-through shares. The company paid finder's fees of CAD 92,199.68 and issued 354,999 warrants in the transaction.