On April 1, 2022, Royal Fox Gold Inc. closed the transaction. The company issued 8,333,334 common shares for gross proceeds of CAD 500,000.04. The transaction included participation from Executive Chairman and Director, Victor Cantore for 3,400,000 shares, Chief Executive Officer Simon Marcotte for 3,400,000 shares, Director, Frank Guillemette for 700,000 shares to hold 21.66% stake in the company, Director, Brad Humphrey of JB Mining Corp. for 666,667 shares and Vice President Exploration, Adree Delazzer for 166,667 shares.
The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.