On January 3, 2023, Sylla Gold Corp. closed the transaction. The company issued 3,151,420 units at an issue price if CAD 0.10 per unit for the gross proceeds of CAD 315,142. The company paid CAD 15,693.44 as the finder's fees and 113,849 broker warrants in connection with the first tranche close of the transaction. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

On March 7, 2023, the TSX Venture Exchange has accepted for filing documentation. The transaction included participation from 14 placees.