On October 19, 2023, Goldbank Mining Corporation closed the transaction. The company announced that it has issued 26,750,000 units at a price of CAD 0.05 per share for gross proceeds of CAD 1,337,500 along with 25,750,000 flow through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,287,500; aggregate gross proceeds of CAD 2,625,000 in its second and final tranche. The transaction included participation from returning investor, Anthony J. Beruschi, subscribed for 25,000,000 units 8.4% on a non-diluted basis and increased by approximately 11.6% assuming the exercise of all warrants held.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from five placees including existing insider involvement of one insiders for 25,000,000.