On February 28, 2023, Angold Resources Ltd. closed the transaction. The company has issued 10,250,000 shares at a price of CAD 0.02 for aggregate gross proceeds of CAD 205,000. The transaction included participation by an officer of the company, through a holding company controlled by that officer, in the amount of CAD 50,000.

No finders' fees or commissions were paid in connection with completion of the transaction. All securities issued are subject to restrictions on resale until June 29, 2023 in accordance with applicable securities laws. The company will issue securities pursuant to exemption provided under Regulation D.