On December 22, 2022 MacDonald Mines Exploration Ltd. closed the transaction. The company issued a further 1,153,900 flow-through Class A common shares at a price of CAD 0.13 per FT Share for proceeds of CAD 150,007.00 in it's second and final tranche. The company issued 2,080,823 FT Shares for proceeds of CAD 270,507.00 and 550,000 non-flow-through units at a price of CAD 0.10 per unit for proceeds of $55,000 in the transaction for gross proceeds of CAD 325,507.

In connection with the second and final closing of the offering, the Company paid finders fees of CAD 9,000. In total, in connection with both closings of the offering the company paid an aggregate of CAD 18,415 in finders fees and issued an aggregate of 80,500 compensation options in connection with purchasers introduced to the company by such finders, with each such compensation option exercisable to acquire one common share at a price of CAD 0.10 per share for a period of 24 months following the closing date of the offering. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 10 placees including existing insider involvement of one insider for 200,000 pro group involvement of four pro groups for one million.