On December 17, 2021, Canadian GoldCamps Corp. closed the transaction. The company issued 4,795,284 units for gross aggregate proceeds of CAD 1,678,349.40 in its second and final tranche. The company received aggregate gross proceeds of CAD 3,124,280.25. The second tranche was over-subscribed. All securities issued or issuable pursuant to the Private Placement are subject to a hold period of four months and one day.