On July 13, 2022, Fremont Gold Ltd. closed the transaction. The company raised CAD 1,200,919.92 in the transaction through the issue of 10,007,666 common shares at a price of CAD 0.12 per share. The transaction included participation from certain officers and directors of the company for 2,791,667 shares for proceeds of CAD 335,000 and individual investor Dennis Moore for 2,666,667 shares for gross proceeds of CAD 320,000.04. The company did not pay any finders' fee in the transaction. All securities issued in the transaction are subject to a statutory hold period of four months plus a day from the date of issuance in accordance until November 14, 2022. The company raised CAD 129,960 from 3 investors pursuant to exemption provided under regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 23 placees. The transaction included participation of insider Alan Carter for 125,000 and Dennis Moore for 2,666,667 shares.