On October 27, 2023, Fremont Gold Ltd. closed the transaction. The company issued 11,553,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,155,300 in the transaction. The transaction will include participation from new individual investor William Richard Brown. The company has 37,372,097 common shares issued and outstanding. Brown holds 3,687,500 common shares representing approximately 14.25% of the issued and outstanding common shares of the company prior to completion of the Private Placement and 9.85% of the issued and outstanding common shares of the company upon completion of the Private Placement. The company has raised CAD 318,766 pursuant to Rregulation D in the transaction. The transaction included participation from 29 investors including three existing insiders.

On January 12, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.