On December 28, 2022, GSP Resource Corp. closed the transaction. The company issued 1,512,500 units for the gross proceeds of CAD121,000. The transaction also included participation from three insiders including Simon Dyakowski for 300,000 units and 10.8% stake, Chris Dyakowski for 100,000 units and 4.5% stake and Richard Billingsley for 450,000 units and 13.2% stake for aggregate of 950,000 units for total gross proceeds of CAD 68,000.

The company announced that the Toronto Stock Exchange Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from from seven placees, total existing insider involvement of 800,000 units (three placees) and total pro group involvement of 562,500 units (three placees).