On July 11, 2023, Resolute Resources Ltd. closed the transaction. The company has amended the terms of the transaction. The company now announced to issue 2,040,000 subscription receipts at CAD 0.25 per Subscription Receipt for the gross proceeds of CAD 510,000 in the second and final tranche. The company has raised aggregate gross proceeds of CAD 4,510,200. Each unit will consist of one resolute share and one-half of one common share purchase warrant. Underlying warrant will entitle the holder to purchase one resolute share at an exercise price equal to CAD 0.50 until the date that is 60 months following the date of the RTO closing. In connection with the closing of the second tranche of the offering, the agent received an aggregate cash fee in the amount of CAD 2,000 and an advisory fee in the amount of CAD 18,000. In addition, Resolute issued to the agent 8,000 compensation options and 73,600 advisory compensation options.

The exchange has accepted for filing documentation with respect to a brokered private placement,. The transaction included participation from 84 placees including 4 pro group participants for 1,000,000 and 5 insider participants for 2,440,000.