On November 15, 2022, Sixty North Gold Mining Ltd. closed the transaction. The company amended the terms of the transaction and issued 500,000 units for proceeds of CAD 100,000 in its second tranche closing, bringing the total gross proceeds raised in the transaction to CAD 432,000. The warrants issued in this tranche will expire on November 14, 2024.

No finders' fees were paid on the second tranche. The total net proceeds raised from the two tranches was CAD 425,600. The securities issued in this tranche will bear legends restricting resale until March 15, 2023.