On November 9, 2022, Eastfield Resources Ltd. closed the transaction. The company issued 3,666,666 units at an issue price of CAD 0.06 per unit for gross proceeds up to CAD 220,000 and up to 750,000 flow-through shares at an issue price of CAD 0.08 per share for gross proceeds of up to CAD 60,000, for an aggregate placement of up to CAD 280,000. The transaction included participation from Glen Garratt, director of the company for 125,000 flow-through shares for gross proceeds of CAD 10,000; and another investor for 83,333 securities.

The company paid a cash finder's fee of CAD 2,700 to Leede Jones Gable Inc. All shares issued pursuant to the private placement, including any shares that may be issued pursuant to the exercise of the warrants forming part of the units, are subject to a hold period in Canada until March 4, 2023. The company issued securities pursuant to exemption provided under Regulation D.