On April 25, 2024, Getchell Gold Corp. closed the transaction. The company announced it has amended the terms of the transaction.

The company has now received CAD 1,441,900 in its third and final tranche, bringing total funds raised to the CAD 4,363,318 across all tranches of the Debenture Financing. The transaction included participation from new lender, Robert (Bob) Bass through Bass Research Services Ltd. The investment of CAD 300,000 invested from Robert (Bob) Bass through Bass Research Services Ltd. In connection with this closing, the Company will issue 14,419,000 warrants (each a Debenture Warrant). Each Debenture Warrant will entitle the holder to purchase a common share of the Company at $0.10 per share for three years.

50% of the Debenture Warrants will vest on closing and the remaining 50% will vest and be exercisable 14 months following closing if the Debenture has not been repaid prior to that vesting date. In connection with the third tranche of the Debenture Financing, the Company may issue finder's fees. The securities to be issued in connection with the third tranche of the Debenture Financing are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws.

Closing of the third tranche of the Debenture Financing is subject to approval of the Canadian Securities Exchange. The company raised CAD 108,178.7 from three investors pursuant to regulation D.