On November 17, 2023, St. James Gold Corp. closed the transaction. The company issued 3,633,335 units for gross proceeds of CAD 545,000. The company paid finders fees of CAD 6,750 and 45,000 finders warrants with each warrant entitling the finder to purchase one additional common share at CAD 0.20 per share for a period of one year from the date of issue. The transaction included participation from nine investors including six pro groups for 900,000 units.

On November 20, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.