On May 2, 2023, Klondike Gold Corp. closed the transaction. The company issued 14,059,348 flow-through units for proceeds of CAD 1,616,825.02 and 9,543,858 non-flow-through units for gross proceeds of CAD 1,002,105.09.

The transaction included participation from 32 placees including two insiders investors for 2,990,000 non-flow through units for total consideration of CAD 313,950. The company paid aggregate CAD 111,476 in finder's fees and 987,621 non-transferable finder warrants were paid. Each Finder's Warrant is exercisable into one Common Share at a price of CAD 0.20 for a period of twenty-four months from the date of issuance.

The securities issued in connection with the Offering are subject to a four month statutory hold period expiring on August 29, 2023.