On December 19, 2023, Nighthawk Gold Corp. closed the transaction. The company issued 38,235,294 subscription receipts at a price of CAD 0.34 for aggregate gross proceeds of CAD 12,999,999.96 which included partial exercised over allotment of 1,470,294 subscription receipts for proceeds of CAD 500,000.

The transaction included participation from certain insiders of the company.