On December 20, 2023, E2Gold Inc. closed the transaction. The company has now issued an aggregate of 12,716,666 units at a price of CAD 0.03 per unit for aggregate gross proceeds of CAD 381,500. All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring April 21, 2024. The Offering remains subject to the final approval of the TSX Venture Exchange. Insiders of the company have received an aggregate of 783,333 common shares in connection with the issuance. All securities to be issued would be subject to a statutory hold period expiring four months and one day following the date of issuance.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from six placees and 2 existing insiders for 783,333 units. The company has paid finder's fees of CAD 16,800 in cash and issued 560,000 warrants.