On April 4, 2023, Sky Gold Corp. closed the transaction. The company issued 6,425,000 units at an issue price of CAD 0.08 for total aggregate gross proceeds of CAD 514,000.

The transaction included participation from participation from 37 placees, including A senior officer subscribed for 1,000,000 units and three pro groups involvement for 375,000 units in the transaction. The following cash only finders' fees were paid in connection with the private placement, PI Financial Corp. for CAD 6,720, National Bank Financial Inc. for CAD 1,920, and Sherbrooke Street Capital (SSC) Inc., for CAD 10,560.

All securities issued are subject to a statutory hold period expiring on August 5, 2023. The financing, although conditionally approved by the TSX Venture Exchange, is subject to final approval.