On March 3, 2023, Lion Copper and Gold Corp. closed the transaction. The company has issued unsecured convertible debentures for gross proceeds of CAD 1,753,796.50 in the transaction.

The company has also issued 18,461,015 common share purchase warrants. The transaction included participation from directors and a senior officer of the company for CAD 1,591,100. The transaction included participation from eight placees including Tony L. Alford for CAD 1,342,700.