On March 28, 2022, Australian Goldfields Limited closed the transaction. The company issued an aggregate of 39,560,000 units for gross proceeds of CAD 3,956,000. The company paid finder's fees totaling CAD 289,540 and 2,895,400 finder's warrants to PI Financial Corp., Haywood Securities Inc., Canaccord Genuity Corp., Research Capital Corporation and Florence Wealth Management Corp.

The company has paid Florence Wealth Management Corp. a one-time work fee of CAD 10,000. The company received CAD 84,999.8478 from 2 investors pursuant to exemption provided under Regulation D.