On July 25, 2022, Big Ridge Gold Corp. closed the transaction. The company issued 12,625,000 units for gross proceeds of CAD 2,525,000.

The transaction included participation from three placees. The company paid a total finder fees of CAD 176,750 and total 883,750 finders' warrants in the transaction, including CAD 148,750 and 743,750 finders' warrants to Clarus Securities Inc. and CAD 28,000 and 140,000 finders' warrants to Goodman & Company, Investment Counsel Inc.. Each finders warrant is exercisable to purchase one common share of the Company at a price of CAD 0.20 per common share for a period of 24 months from the closing date of the transaction.

The securities issued in the transaction is subject to a four month hold period expiring November 26, 2022.