On March 21, 2024, Onyx Gold Corp. closed the transaction. The company issued 3,777,829 premium flow-through shares at an issue price of CAD 0.27 per Premium FT Share for gross proceeds of CAD 1,020,014 and 2,269,000 traditional flow through shares at an issue price of CAD 0.215 per FT Share for gross proceeds of CAD 487,835; aggregate gross proceeds of CAD 1,507,849 in second and final tranche.

In connection with the Offering, the Company paid a total of CAD 6,235 in cash commissions to certain arm's length finders. The Offering remains subject to receipt of final TSX Venture Exchange approval and all other necessary regulatory approvals. The securities offered in the Final Tranche are subject to a four month and a day transfer restriction from the date of issuance expiring on July 22, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.