On July 12, 2023, Red Lake Gold Inc. closed the transaction. The company has issued 2,800,000 flow-through shares at an issue price of CAD 0.05 for the gross proceeds of CAD 140,000. The corporation paid a 6% cash finder's fee on a minority segment of the flow-through financing involving 800,000 flow-through shares.

The transaction included participation from one insider for 2,000,000 flow-through shares at an issue price of CAD 0.05 for the gross proceeds of CAD 1,000,000.