On July 18, 2022, Minera Alamos Inc. closed the transaction. The transaction involved participation from total 2 investors, including Doug Ramshaw, President and Director of the company subscribing for 950,000 common shares for proceeds of CAD 552,500, and another investor. No finders fees were paid.

The company has received CAD 3,850,000 in the transaction pursuant to exemption provided under Regulation D from single investor.