On April 17, 2023, Gowest Gold Ltd., closed the transaction. The company issued an aggregate of 150,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 15,000,000 in its second and final tranche closing.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placees including existing insider involvement of one insider for CAD 10,000,000.