On August 19, 2022, Winshear Gold Corp. closed the transaction. The company has amended the terms of the transaction. The company has issued 10,855,000 units at CAD 0.06 per unit for gross proceeds of CAD 651,300. Each full warrant will allow the holder to purchase one common share of the company at a price of CAD 0.10 for a period of 24 months from the closing date of the financing up to and including August 19, 2024. Cash commissions totaling CAD 8,250 were paid on certain subscriptions. All securities issued as part of this private placement will be subject to a four month plus one day hold period which will expire December 20, 2022. The transaction included participation from returning investor, Palamina Corp. for 1,550,000 units for gross proceeds of CAD 93,000 for a total holding of 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially diluted share position in the company. The company raised $46,186 (CAD 60,000.2326) from one investor pursuant to regulation D. The company intends to keep the transaction open for more than one year.

he TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 28 placees, a total existing insider involvement for CAD 2,350,000; and total pro group involvement for CAD 1,542,500. The company paid finder's fee of CAD 8,250 in cash in the transaction.