On July 12, 2022, Seahawk Gold Corp. closed the transaction. The company amended the terms of the transaction, and issued 3,849,999 units at a price of CAD 0.30 per unit for gross proceeds of CAD 1,154,999.70.

Each unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional share of the company for a period of two years from the date of closing. The shares, warrants and any warrant shares are subject to a four-month hold period ending November 13, 2022. The company paid 6% finder's fee consisting of CAD 24,299.97 in cash and 150,000 in shares.