On January 16, 2023, Whitehorse Gold Corp. closed the transaction. The company issued 4,885,000 units at an issue price of CAD 0.40 per unit for gross proceeds of CAD 1,954,000 in its second tranche.

The company issued a total of 12,807,500 Units at a price of CAD 0.40 for gross proceeds of CAD 5,123,000 in the transaction. The transaction included participation from 28 placees including 4 insider placees for 4,587,500 units. The company paid finder's fee of CAD 23,920 to the eligible persons in the second tranche