On December 21, 2021, Val-d'Or Mining Corporation closed the transaction. The company paid a finder's fee of CAD 16,000.01 and issued 222,222 non-transferrable warrants. Each finder's warrant entitles the holder to purchase a common share of the company at a price of CAD 0.18 per share until December 21, 2023. All securities issued under the Offering, including common shares underlying the finder's warrants, are subject to a hold period until April 22, 2022, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange. The transaction included participation from a single placee.