On June 23, 2023, Gowest Gold Ltd. closed the transaction. The company has amended the terms of the transaction. The company now issued 6,221,428 flow-through units at an issue price of CAD 0.14 per flow through unit for the aggregate gross proceeds of CAD 871,000. Each flow-through unit was comprised of one common share and one common share purchase warrant, issued on a flow-through basis, with each warrant being exercisable to acquire one additional common share of the company a price of CAD 0.20 for a period of 24 months following the closing date of the offering. In connection with the offering, the Corporation paid finder's fees, in cash, totaling CAD 60,000. All securities issued or issuable pursuant to the offering will be subject to a hold-period in Canada expiring four months and one day after the date of issuance.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees including total existing insider involvement of 507,142 from two insiders.