On January 30, 2023, Stuve Gold Corp. closed the transaction. The company amended the terms of the transaction. The company has now issued debentures for aggregate gross proceeds CAD 650,000 in the transaction. The transaction included participation from returning investor, a director and officer of the company Kroontje's for proceeds of CAD 175,000 to acquire an additional 2,916,666 common shares if the debentures are fully converted into common shares. If all of the debentures issued pursuant to the offering are converted, Kroontje would own 7,996,666 common shares which would represent a total percentage ownership of outstanding common shares of approximately 19.75%. The debenture will mature on January 29, 2025. The transaction has been approved by the board of directors.

The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from seven placees. Total existing insider involvement was for 2,916,666 debentures (one placee).