On May 10, 2023, Winshear Gold Corp., closed the transaction. The company raised a total of CAD 585,000 through issuing 5,850,000 units at a price of CAD 0.10 per unit. The transaction included participation from 33 placees including two insiders for 200,000 units and five pro groups for 1,040,000 units.

The transaction was oversubscribed by CAD 85,000. Each unit comprises one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share at a price of CAD 0.15 for a period of 24 months from the closing date of the financing up to and including May 9, 2025.

Cash commissions totaling CAD 15,000 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 September 10, 2023. The company has received $37,341(CAD 50,529.65) pursuant to exemption provided under Regulation D from single investor.