On July 11, 2022, Lion Copper and Gold Corp. closed the transaction. The company received $925,000 in its second and final tranche.

The transaction included participation from 13 placees and from insiders Tony Alford for gross proceeds of $550,000, Charles Naugle for gross proceeds of $147,400, Stephen Goodman for gross proceeds of $15,000 and Thomas Pressello for gross proceeds of $10,000.