On January 11, 2023, Mayfair Gold Corp. closed the transaction. The company issued 3,000,000 common shares for the proceeds of CAD 3,450,000 in second and final tranche for aggregate gross proceeds of CAD 8,430,000. The common shares issued are subject to a four month hold period expiring on May 11, 2023. The company received CAD 3,450,000 pursuant to Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 20 placees and four pro groups for 276,125 shares.